BitOoda, a digital investment bank, entered a partnership with Newmark, a commercial real estate adviser, that will allow the firms to combine their expertise and relationships across the AI, data center, and Bitcoin mining industries.
The partnership will enable BitOoda and Newmark to “serve clients expanding into the AI and Accelerated Compute markets, ranging from startups to data center operators/occupiers to established players in the digital asset space.”
BitOoda CEO Tim Kelly stated:
“This partnership represents a valuable strategic alliance that will allow us to drive innovation at the intersection of mission critical real estate, AI, and emerging frontier technologies such as Zero Knowledge Proofs – delivering exceptional value to our clients alongside the expert team at Newmark.”
JR McDonald, Newmark Vice Chairman, said:
“Newmark looks forward to working with the BitOoda team to develop a comprehensive platform for our clients by combining our decades of experience procuring data centers, powered land, and colocation facilities with BitOoda’s deep expertise in the AI and data center spaces.” According to fellow Vice Chairman, Michael Morris, “Our clients can expect enhanced services with access to a broader range of mission critical solutions, creating unparalleled value and opportunities.”
Newmark’s Data Center Capital Consulting group was “formed in 2023 to offer a fully integrated, end-to-end service model that is unrivaled in the industry and has already established a dominant $2B+ pipeline.”
The group is anchored “by senior investment, financing, leasing and data center experts with an unmatched track record of providing custom-tailored solutions for owners, operators and occupiers of mission-critical facilities across the globe. In-house research, marketing and financial analysis capabilities further differentiate its comprehensive menu of client services.
As noted in the update, BitOoda Holdings Inc. is “a U.S. based digital investment bank and financial services firm focused on emergence of the digital economy.”
BitOoda is regulated by “the SEC, the CFTC, and the NY DFS: its subsidiaries include BitOoda Digital LLC, which holds a NY DFS Virtual Currency License; BitOoda Technologies LLC, an SEC/FINRA-registered Broker-Dealer specifically authorized to transact in Digital Securities; and Ooda Commodities LLC, a CFTC/NFA-registered Introducing Broker.”