Former Galaxy Head of Mining Launches Consulting Venture After Departure
Amanda Fabiano, formerly the head of mining at Galaxy Digital, has taken a significant step in the cryptocurrency mining sector. She has established her consulting company, Fabiano Consulting, which is set to collaborate with prominent bitcoin mining enterprises such as Compass Mining and Giga Energy, among others.
With a wealth of experience, Fabiano expressed her fervor for assisting companies in their growth phases. Her enjoyment in the process of building and developing businesses has become a driving force for her new venture. Fabiano’s extensive background and profound knowledge position her as a valuable guide and supporter for organizations in their growth endeavors.
Throughout her three-year tenure at Galaxy, Fabiano played a pivotal role in strengthening the firm’s mining division. She provided a spectrum of operational and capital market solutions. A notable achievement was the orchestrated acquisition of the Helios mining facility from Argo Blockchain, a transformative deal valued at nearly $100 million. This strategic move not only rescued Argo from insolvency but also endowed Galaxy with an impressive mining capacity of 180 megawatts.
The extended crypto winter presented formidable challenges for the mining sector, leading to substantial impacts on miners’ profitability and resulting in high-profile bankruptcies. As the Bitcoin network’s hashrate approaches a historic high and the halving event looms on the horizon, miners are actively seeking astute strategies to expand their operations. In this rapidly evolving landscape, Fabiano’s consulting services are more critical than ever.
“In light of the sustained surge in hash rate, companies must grapple with the pivotal question: How can I position myself for success in the current market conditions and the post-halving future?” eloquently noted Fabiano.