Specialist investment firm Deus X has teamed up with Fabiano Consulting to explore investment and strategic opportunities in the bitcoin [BTC] mining sector.

The firms are looking to be investors and treasury management providers for mining companies that are looking for funding and strategic advice, including expansion and corporate structuring, according to a statement.

Deus X is a family office-backed investment firm with Tim Grant as CEO and $1 billion in assets. Grant previously held many executive roles, including Head of EMEA at Mike Novogratz’s Galaxy Digital (GLXY), CEO of SIX Digital Exchange, and also worked at TradFi giant UBS.

“Mining will form a critical part of our complementary portfolio of companies as we seek to find innovative businesses that can contribute to and support a financial system that is free of silos and welcomes low barriers to entry for the benefit of everyone,” Grant said in the statement.

The partnership comes at a time when bitcoin mining companies are facing a tough competition ahead of this year's bitcoin halving event, which will see BTC rewards for mining cut in half. To stay profitable post-halving, mining firms will seek to solidify their position with sound strategy and funding.

Fabiano Consulting was formed last year by former cryptocurrency financial services firm Galaxy Digital’s (GLXY) head of mining, Amanda Fabiano, who was previously the director of bitcoin mining at Fidelity Investments.

"Fabiano Consulting will provide valuable expertise in evaluating new potential investments in the fast expanding bitcoin mining industry while exploring opportunities to develop trading, treasury and financing solutions within Deus X’s existing portfolio businesses, such as Alpha Lab 40," according to the statement.

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Aoyon Ashraf

Aoyon Ashraf is CoinDesk's managing editor for Breaking News. He spent almost a decade at Bloomberg covering equities, commodities and tech. Prior to that, he spent several years on the sellside, financing small-cap companies. Aoyon graduated from University of Toronto with a degree in mining engineering. He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.