Deus X, one of the experienced investment companies, Bitcoin He had a meeting with Fabiano Consulting to explore investment and strategic opportunities in the (BTC) mining sector.
According to the statement, the companies aim to be investors and treasury management providers for mining companies seeking financing and strategic advice, including expansion and corporate restructuring.
Deus, is also known as a family office-backed investment company with $1 billion in assets, whose CEO is Tim Grant. Grant is an experienced name who previously held many senior positions at Mike Novogratz’s Galaxy Digital (GLXY) company, such as President of EMEA, CEO of SIX Digital Exchange, and also worked at TradFi giant UBS.
Koinfinans.com “Bitcoin mining will form a critical part of our complementary portfolio of companies as we seek to find innovative businesses that can contribute to and support a financial system that is free of silos and welcomes low barriers to entry for the benefit of everyone,” Grant said in his statement.
The partnership comes at a time when Bitcoin mining companies are facing stiff competition ahead of this year’s halving event, where BTC rewards for mining will be halved. In order to remain profitable after the halving, it seems that mining companies will try to strengthen their positions with a solid strategy and financing.
Fabiano Consulting was founded last year by former cryptocurrency financial services firm Galaxy Digital (GLXY) head of mining Amanda Fabiano, who was previously director of Bitcoin mining at Fidelity Investments.
According to the statement, “Fabiano Consulting will provide valuable expertise in evaluating potential new investments in the rapidly expanding bitcoin mining industry, while exploring opportunities to develop trading, treasury and financing solutions within Deus X’s existing portfolio businesses, such as Alpha Lab 40.”