Galaxy

In a strategic move, Deus X Capital, a specialist investment firm boasting $1 billion in assets, partners with Fabiano Consulting to delve into the bitcoin mining sector. This partnership aims to offer investment and treasury management services to <a href="https://ultramining.com/news/en/blockstream-aims-for-bitcoin-profit-with-mining-rig-investment-ahead-of-2024-halving/" rel="noopener noreferrer nofollow">mining companies</a> in need of <a href="https://ultramining.com/news/en/liquidstack-secures-funding-to-boost-eco-friendly-bitcoin-mining-in-the-u-s/" rel="noopener noreferrer nofollow">funding</a> and strategic advice, including expansion and corporate restructuring. Tim Grant, CEO of Deus X, a veteran of the financial industry with previous executive roles at Galaxy Digital and SIX Digital Exchange, spearheads this initiative. &nbsp; according to <a href="https://www.coindesk.com/business/2024/01/18/investment-firm-with-1b-assets-looks-to-invest-in-bitcoin-mining-with-fabiano-consulting/" rel="noopener noreferrer nofollow">Coindesk</a>.
Grant emphasizes the importance of mining in their portfolio, highlighting the goal to foster a financial system free from silos and with low entry barriers. This move is timely, considering the upcoming bitcoin <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a> event, where BTC rewards for mining will be halved, intensifying competition among mining firms.&nbsp;
The firm will leverage its expertise in the rapidly expanding bitcoin <a href="https://ultramining.com/news/en/texas-residents-challenge-bitcoin-mining-industrys-impact-on-power-grid-and-communities/" rel="noopener noreferrer nofollow">mining industry</a> to identify new investment opportunities and develop trading, treasury, and financing solutions for Deus X's portfolio businesses.

Financial Giants Enter the Bitcoin Mining Arena

Ultramining_Eng

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