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Galaxy Digital to Consider Proprietary Bitcoin Mining
Last Updated: 17 January 2021
Mike Novogratz’s Galaxy Digital (GLXY) has revealed that it will start Bitcoin mining services to add to its digital asset management services.
The firm’s mining branch Galaxy Digital Mining has been under development since last year. It will manage the new mining service the company wants to launch, according to the announcement.
The company says it will be integrating its existing business lines to “MiFi”, its miner-focused financial services, which includes risk management, investment, and lending offerings.
Armanda Fabiano, former director of mining at Fidelity Investment, will be in charge of the new mining operations. ....

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