Investment company with $1 billion in assets considers investing in Bitcoin mining | CoinDesk JAPAN

Specialist investment firm Deus X has partnered with Fabiano Consulting to explore investment opportunities in the Bitcoin (BTC) mining space.

The companies aim to become investors and financial management providers for mining companies seeking strategic advice, including financing, business expansion and structural reforms, according to a statement.

Deus Grant previously served as head of EMEA at Mike Novogratz’s Galaxy Digital and CEO of SIX Digital Exchange, before joining Swiss financial giant UBS. was also working.

“Mining is our mission to find innovative businesses that can contribute to and support a financial system with no silos and low barriers to entry, for the benefit of all,” Grant said in a statement. It will become an important part of the company’s portfolio.”

The partnership comes at a time when Bitcoin mining companies face stiff competition ahead of this year’s Bitcoin halving event. In order to maintain profitability even after the halving, mining companies will seek to solidify their position with sound strategies and financing.

Fabiano Consulting was founded last year by Amanda Fabiano, former head of mining at Galaxy Digital and previously director of bitcoin mining at Fidelity.

“Fabiano Consulting will provide valuable expertise in evaluating potential new investments in the rapidly expanding Bitcoin mining industry, while also supporting DeusX’s existing portfolio such as Alpha Lab 40. “We will explore opportunities to develop investment, cash management and treasury solutions across our businesses,” the statement said.

｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Image: Bitmain’s mining machine “Antminer” exhibited at Consensus 2022 (Christie Harkin/CoinDesk)
｜Original text: Investment Firm With $1B Assets Looks to Invest in Bitcoin Mining With Fabiano Consulting