Investment firm Deus X has teamed up with Fabiano Consulting to identify investment and strategic opportunities in the Bitcoin mining sector. The collaboration aims to provide investor and treasury management services to Bitcoin mining companies seeking expansion and corporate structuring, including financing and strategic consulting.
Deus X, backed by a family office with $1 billion in assets, is led by CEO Tim Grant, who emphasizes the partnership’s role in contributing to a financial system with low barriers to entry that benefits everyone. The alliance will seek innovative companies to complement Deus X’s portfolio, focusing on the mining sector.
Fabiano Consulting will offer valuable expertise in assessing new potential investments in the rapidly expanding Bitcoin mining industry, while exploring opportunities to develop trade, treasury, and financing solutions for Deus X’s existing portfolio companies like Alpha Lab 40.
Tim Grant has a notable background, having held high-level positions at Mike Novogratz’s Galaxy Digital and as CEO of SIX Digital Exchange, with experience at UBS. Fabiano Consulting was founded last year by Amanda Fabiano, former director of Bitcoin mining at Fidelity Investments and head of mining at Galaxy Digital, making it a significant player in the crypto space.
The partnership comes at a critical time as Bitcoin miners face intense competition ahead of the fourth Bitcoin block reward halving in April, which will slash block rewards in BTC by half. The collaboration will address the crucial need for a robust strategy and financing for Bitcoin miners to maintain profitability post-halving.