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.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Nillion_DeSci_Report_Template.png

Research

Nillion’s Monad Integration is poised to catalyze the next phase of DeSci’s evolution by eliminating key privacy bottlenecks. This synergy allows researchers, institutions, and DAOs to exchange sensitive data and insights securely while managing governance and payments onchain.

article-image

Celebrating the wisdom of a diamond-handed Bitcoin Legend

article-image

With the success of RWAs and stablecoins, DePINs could onboard the next wave of crypto users

article-image

Is crypto straying too far from things of value?

article-image

Firedancer and Solana ETFs look less significant than before

article-image

The newly passed House bill amplifies that strategic pivot for the Trump administration, from attempting austerity to running the economy hot

article-image

Unable to secure further funding, the game cycled through three different blockchains and at least five different game engines since 2018