- Deus X plans to invest in Bitcoin mining.
- The investment firm has $1 billion in assets under management.
- The organization will also collaborate with Fabiano Consulting.
Investment company Deus X, which manages assets worth $1 billion, plans to invest in Bitcoin mining. This is reported by Coindesk with reference to the company's statement.
The announcement states that Deus X has teamed up with Fabiano Consulting to explore “investment and strategic opportunities in the Bitcoin mining sector.”
Both organizations want to become investors and treasury management service providers for mining companies that need funding and strategic advice.
“Mining will be an important part of our portfolio as we seek to identify innovative businesses that can contribute and support the financial system […]”said Deus X CEO Tim Grant.
In addition, the report said that Fabiano Consulting will provide “expertise in assessing possible investments in the mining industry and will explore opportunities to develop financial solutions.
Previously, CoinShares experts predicted an increase in the cost of mining 1 BTC to $37,856.