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Investment firm Deus X has partnered with Fabiano Consulting to identify investment and strategic opportunities in the Bitcoin (BTC) mining sector. The announcement stated that the companies aim to provide investor and treasury management for Bitcoin mining companies seeking financing and strategic consulting, including expansion and corporate structuring.
Deus X and Fabiano Consulting Collaborate to Support Bitcoin Miners
CEO of Deus X, a family office-backed investment firm with assets of $1 billion, Tim Grant commented on the collaboration, saying, “Mining will form a critical part of our complementary company portfolio by finding innovative companies that can contribute to and support a financial system free from silos and with low barriers to entry for everyone’s benefit.”
Fabiano Consulting stated, “While providing valuable expertise in evaluating new potential investments in the rapidly expanding Bitcoin mining sector, Fabiano Consulting will explore opportunities to develop trade, treasury, and financing solutions in Deus X’s existing portfolio companies like Alpha Lab 40.”
Grant has held several senior positions in the past, such as President of EMEA at Mike Novogratz’s Galaxy Digital, CEO of SIX Digital Exchange, and has also worked at the traditional finance giant UBS. Fabiano Consulting was founded last year by Amanda Fabiano, the former director of Bitcoin mining at Fidelity Investments and the head of mining at Galaxy Digital, making it a significant company in the crypto industry.
Approaching the Fourth Bitcoin Block Reward Halving
This collaboration to support Bitcoin mining companies comes at a crucial time, as miners face intense competition ahead of the expected fourth block reward halving (halving) in April, which will cut BTC block rewards in half.
As expected, Bitcoin miners need a strong strategy and financing to maintain their profitability after the block reward halving. The partnership will address the needs of Bitcoin miners seeking resources, indicating a significant demand being met.
