Galaxy Digital, led by Mike Novogratz, has opened a new division focused primarily on bitcoin mining, the report said.
The Galaxy Digital Mining product line includes lending, investment and risk management offerings. Galaxy placed mining equipment in a third-party data center in the United States.
The direction was headed by the former top manager of the financial corporation Fidelity Investments Amanda Fabiano. Self-mining of the cryptocurrency will allow the company to better understand the financial needs of miners, she said.
Earlier, Galaxy Digital and investment company CI Global Asset Management announced the launch of a Bitcoin fund in Canada.
In January 2021, The9 Ltd., listed on the Nasdaq, announced its entry into the mining industry.
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