A diamido-bridged dicobalt complex supported by a diamidonaphthalene ligand, Cp* 2 Co 2 (μ-1,8-C 10 H 8 (NH) 2 ) (1), was synthesized, and the reactivity relevant to redox transformations of the Co 2 N 2 core was investigated. It was found that the Co(II)− Co(II) bond allows for protonation by [HPPh 3 ][BF 4 ] resulting in a bridging hydride, [1H] + , with pK a ∼ 7.6 in CH 2 Cl 2 . The diamidonaphthalene ligand can stabilize the binuclear system in the Co(II)Co(III) mixed-valent state (1 + ), which is capable of binding CO to afford [1-CO] + . Surprisingly, the mixed-valent complex also activates H 2 O to furnish a Co(III)Co(III) hydroxy complex [1-OH] + accompanied by release of H 2 . The hydroxy ligand in [1-OH] + is exchangeable, as demonstrated by 18 O-labeling experiments on [1-OH] + with H 2 18O that led to the heavier isotopolog [1-18 OH] + .