BTC Price Index and Live Chart – CoinDesk”>(BTC) mining sector.

According to a press release, the firms want to provide treasury services and investors to mining companies looking for strategic advice and funding, such as expansion and corporate structure.

Deus X, a family-office-backed investment company with Tim Grant at the helm and assets of $1 billion, is led by Grant. Grant has held a number of executive positions, including as Head of EMEA for Mike Novogratz’s Galaxy Digital (GLXY), and CEO of SIX Digital Exchange. He also worked with TradFi giant UBS.

Crypto Investment Firm Deus X Capital Launches with $1B in Assets

Grant stated in the statement that “mining will be a crucial part of our complementary company portfolio as we look for innovative businesses that are able to contribute and support a system of finance that is free from silos and that welcomes low entry barriers to the benefit of all.”

The partnership is a response to the fierce competition bitcoin mining companies face ahead of this year’s Bitcoin halving, where mining rewards will be cut in half. Mining firms will use sound funding and strategy to maintain profitability after the halving.

Read more: Bitcoin Halving is Poised to Unleash Darwinism Upon Miners

Amanda Fabiano was the former director of bitcoin mining for Fidelity Investments and was the head of mining at Galaxy Digital (GLXY), a cryptocurrency financial services company.

The statement said that “Fabiano Consulting’s expertise will be invaluable in evaluating potential investments in the rapidly expanding bitcoin mining sector, while exploring opportunities to develop new trading, treasury, and financing solutions in Deus X’s existing portfolio companies, such as Alpha Lab 40.”

Read more: Galaxy Mining’s Amanda Fabiano, former Head of Mining, has left to start a consulting company

Nikhilesh De.