Galaxy mining head exits to consult miners ahead of halving

Amanda Fabiano spent the last three years at the crypto firm after leading Fidelity Investments’ efforts in the mining segment

article-image

Gorodenkoff/Shutterstock modified by Blockworks

share

A longtime crypto mining executive has departed Galaxy Digital. She will now advise miners in preparation for the upcoming bitcoin halving.

Amanda Fabiano spent the last three years as Galaxy’s head of mining. Before that, she was director of bitcoin mining at Fidelity Investments.   

“Building upon my earlier experiences at Fidelity, I successfully established a thriving mining business at Galaxy, in the face of challenging market conditions,” Fabiano said in a Tuesday X post. “Now, I’m packaging all that valuable expertise and enthusiasm as I proudly introduce Fabiano Consulting, my inaugural endeavor.”

It is not clear who is set to replace Fabiano in her role. A Galaxy spokesperson did not immediately return a request for comment. 

Fabiano joined Fidelity in 2014, according to her LinkedIn page — the year the financial services giant started mining bitcoin. Fidelity later launched its institutional crypto custody and trading platform in 2018.

She then joined Galaxy in September 2020, a few months before the company launched its mining business in January 2021. The new unit was designed to be a financial services platform for miners — offering trading and risk management, investing and lending, as well as corporate advisory to players in the segment. 

The crypto investment firm also established its own bitcoin mining operation at the time, hosting machines at a third-party data center. 

Galaxy’s mining revenue was $15.4 million in the second quarter of 2023, a 51% quarter-over-quarter increase, the company reported in August. Galaxy said it is set to surpass 4 exahash per second (EH/s) of hashrate under management by the end of the year.

Now in a consulting role, Fabiano’s first clients include Compass Mining, where she also serves on the board.

Mining strategies hold “paramount significance” ahead of the next bitcoin halving event set for April 2024. At that time, per-block rewards are reduced from 6.25 bitcoin (BTC) to 3.125 BTC, which is expected to put stress on certain companies in the segment.

Read more: Where top crypto miners stand as stock prices tumble

“As we witness a continuous rise in hash rate, it becomes imperative for companies to ask the pivotal question: ‘How can I position myself for success in the present market conditions and the post-halving future?’” Fabiano said. “This is the very question that gets me excited. I firmly believe that there’s no shortage of companies wondering this same question.”


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates (3).png

Research

Pear Protocol has proven its market fit through its pair-trading infrastructure, sustaining consistent trading activity despite recent headwinds. Its strategic pivot toward Hyperliquid integration represents a major growth catalyst amid industry consolidation. While short-term token unlocks present challenges, current valuations and liquidity conditions may offer compelling opportunities for investors.

article-image

For just $54, you, too, could send a memecoin 500% higher

article-image

Memecoins, tech, and inflation have dominated the first half of the year

article-image

As the Trump administration continues to test Fed independence, markets are beginning to react

article-image

An Aave interest rate shock prompted over 475,000 validators to exit and pushed stETH into a prolonged depeg

article-image

While Roman Storm’s team is set to present its case, it’s not yet clear if the Tornado Cash founder will testify

article-image

A wireless network inspired by lost drones is now helping telco carriers reach your phone indoors