Mike Novogratz’s Galaxy Digital has entered the crypto mining business with the launch of Galaxy Digital Mining. This new business unit will offer financial services (risk management, principal lending, equity investments, and M&A advisory) to Bitcoin miners.
Other notes:
- The unit will be led by Fidelity’s former director of mining, Amanda Fabiano
- Galaxy Digital Mining has also established its own proprietary bitcoin mining operation
- Galaxy Digital shares have more than tripled in the past six months
“Bitcoin mining is the foundation of the Bitcoin network … Going forward, we see major opportunities in mining project financing, equipment financing, digital asset-backed financing.” ~Amanda Fabiano
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