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Investment Firm With $1B Assets Looks to Invest in Bitcoin Mining With Fabiano Consulting

Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.

Updated Mar 8, 2024, 8:07 p.m. Published Jan 18, 2024, 9:00 a.m.
Deus X CEO Tim Grant (Left), Amanda Fabiano of Fabiano Consulting (Right). (Deus X/Fabiano Consulting)
Deus X CEO Tim Grant (Left), Amanda Fabiano of Fabiano Consulting (Right). (Deus X/Fabiano Consulting)

Specialist investment firm Deus X has teamed up with Fabiano Consulting to explore investment and strategic opportunities in the bitcoin [BTC] mining sector.

The firms are looking to be investors and treasury management providers for mining companies that are looking for funding and strategic advice, including expansion and corporate structuring, according to a statement.

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Deus X is a family office-backed investment firm with Tim Grant as CEO and $1 billion in assets. Grant previously held many executive roles, including Head of EMEA at Mike Novogratz’s Galaxy Digital (GLXY), CEO of SIX Digital Exchange, and also worked at TradFi giant UBS.

Read more: Crypto Investment Firm Deus X Capital Launches With $1B in Assets

“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 the statement.

The partnership comes at a time when bitcoin mining companies are facing a tough competition ahead of this year's bitcoin halving event, which will see BTC rewards for mining cut in half. To stay profitable post-halving, mining firms will seek to solidify their position with sound strategy and funding.

Read more: Bitcoin Halving Is Poised to Unleash Darwinism on Miners

Fabiano Consulting was formed last year by former cryptocurrency financial services firm Galaxy Digital’s (GLXY) head of mining, Amanda Fabiano, who was previously the director of bitcoin mining at Fidelity Investments.

"Fabiano Consulting will provide valuable expertise in evaluating new potential investments in the fast 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," according to the statement.

Read more: Galaxy's Head of Mining Amanda Fabiano Departed to Start Consulting Company

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