-47%

est. 2Y upside i

FinTechSeries D+

Rank

#3660

Sector

Fintech

Est. Liquidity

~3Y

Data Quality

Data: Low

For a job candidate, NYDIG offers a strong mission and vertical integration, but the equity is highly speculative with a stale $7B valuation from 2021, no recent revenue data, and significant regulatory/legal risks.

Last updated: July 3, 2026

Bull (10%)+62%

Bitcoin adoption accelerates, driving revenue to $1B+; exit multiple expands to 15x on new wave of institutional demand, yielding exit value ~$15B. After preference and dilution, common upside ~62%.

Base (55%)-33%

Modest growth, revenue reaches $500M; exit multiple contracts to 10x due to competition and regulatory overhang, exit value ~$5B. After preference, common value drops, compounded by 20% dilution.

Bear (35%)-100%

Regulatory crackdown or lawsuit leads to distressed exit below $1.36B preference; common stock recovers zero, resulting in total loss.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

19%

Total funding $1.36B on $7B valuation (19.4%) creates a high preference overhang; common stock only recovers value in exits above $1.36B.

Dilution Risk

high

Likely need to raise within 24 months given 4 years since last round and high capital intensity; dilution of 15-25% is probable.

Secondary Liquidity

none

No secondary market activity found; illiquid shares until exit event.

View all 1 open roles at NYDIG →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on NYDIG's data — designed to show you've done your homework.

  • 1

    “How does NYDIG's revenue break down between custody/financing fees and mining operations?”

  • 2

    “What is the current run rate revenue and path to profitability?”

  • 3

    “How does the pending lawsuit impact the company's fundraising ability and employee equity value?”

Community

Valuation Sentiment

Our model estimates -47% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.