Crypto investment firm Galaxy Digital announced today that it has launched a new package of financial services and tools for the Bitcoin mining industry. The firm listed in Toronto is mining Bitcoin for itself through a third-party, US-based data center that houses Galaxy’s hardware.

 

 

Amanda Fabiano: “We will understand miners and increase network power by mining Bitcoin”
Galaxy’s new business unit, Galaxy Digital Mining, aims to offer “one-stop financial services” for miners, according to a statement released Friday. Amanda Fabiano, formerly Director of Bitcoin Mining for Fidelity Digital Assets, will lead the unit.

Fabiano used the following statements in his statement on the subject:

Bitcoin mining is the foundation of the Bitcoin network. By mining ourselves, we are able to deeply understand and solve the financial needs of miners and at the same time increase the strength of the industry and therefore the strength of the Bitcoin network.

 

Chris Ferraro: “We are looking for opportunities”

Galaxy Digital Mining has established its own proprietary BTC mining operation and hosts its machines in a third-party data center in the USA.

Galaxy Co-President Chris Ferraro said:

Thanks to the consistent and dedicated coverage of this industry over the past two years, we have had the opportunity to review every major project proposed, and our brand and market position uniquely enables us to connect operators and equipment providers with capital. We are looking for great opportunities in working capital optimization and hedging solutions for mining project financing, equipment financing, digital asset-backed financing, as well as mining operators and investors using the industry-leading capabilities of Galaxy Digital Trading.

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