Galaxy Digital Launches Bitcoin Mining Division

Assets management company Galaxy Digital announced the launch of Galaxy Digital Mining, aiming to provide financial services to bitcoin miners. 

The newly launched Bitcoin mining division will integrate with existing business lines to offer trade and risk management solutions, principal lending and equity investments, and M&A advisory services. In addition, it will also mine BTC on a proprietary basis.

Galaxy Digital Mining will be lead by Amanda Fabiano, and its machines will be hosted in the US at a third-party datacenter.

Chris Ferraro, Galaxy's Co-President, commented: "Through consistent and dedicated coverage of this sector over the past two years, we have had the opportunity to review every major proposed project, and our brand and market position uniquely enable us to connect operators and equipment providers with capital. Going forward, we see major opportunities in mining project financing, equipment financing, digital asset-backed financing, as well as working capital optimization and hedging solutions for mine operators and investors utilizing Galaxy Digital Trading's industry-leading capabilities."