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


Gorodenkoff/Shutterstock modified by Blockworks


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.”

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research



Akash is a general-purpose compute platform with GPUs, storage, LLM training or inference, and validator hosting through its two-sided marketplace.


The SEC could allow half a dozen or more such funds to launch at once, Ark Invest CEO says


2023 saw a decline in a16z crypto funding, but the behemoth VC firm teased what it’s excited for next year


“Iran Unchained” launched a new version of its grant platform to make donations to activists easier


The stablecoin marks the first time a regulated European bank has made a euro-pegged stablecoin available on a crypto exchange


Build it and they will come, perhaps, but making crypto easier to use is turning out to be just as important


Amid moves by Itau Unibanco and Nubank, the country could serve as “a proof of concept” for TradFi-crypto integrations, industry research exec says