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Galaxy Digital Launches Proprietary Mining, Miner Financial Services

source-logo  coindesk.com  + 5 more 16 January 2021 01:00, UTC

Galaxy Digital (GLXY) has announced the launch of its miner financial services and proprietary mining operations.

  • Per a release, the publicly traded digital asset management firm is integrating his existing business lines to offer lending, investment, and risk management services to miners.
  • Galaxy Digital Mining, the firm's mining branch, will also oversee a proprietary mining operation.
  • Fidelity's former director of mining, Amanda Fabiano, is leading the mining operations.
  • In a statement, Fabiano said Galaxy's proprietary mining operation helps the company "deeply understand and solve for the financial needs of miners."
  • Galaxy shares have nearly doubled in the past three months, trading at $8.48 in post market hours.
coindesk.com

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