Galaxy Expands With $1B Crypto Asset Acquisition
Galaxy Digital announced the acquisition of CryptoManufaktur LLC, enhancing its blockchain infrastructure capabilities.
The Deets
- Strategic Acquisition: Galaxy acquires CryptoManufaktur LLC to bolster its blockchain infrastructure.
- Increased Staking Assets: Adds $1 billion in Ethereum assets under stake, raising Galaxy’s total to $3.3 billion.
- Team Expansion: CMF’s three-person engineering team, led by founder Thorsten Behrens, joins Galaxy.
- Enhanced Services: Strengthens Galaxy’s Oracle Data as a Service offering to clients.
The Bulk
Galaxy Digital Holdings Ltd. (TSX: GLXY) announced the acquisition of CryptoManufaktur LLC (CMF), a blockchain node operator. The move will enhance Galaxy’s technical and infrastructural support for key projects, particularly within the Ethereum ecosystem.
CMF, founded in 2020 by Thorsten Behrens, has been a leading provider of secure Ethereum proof-of-stake (PoS) node deployment infrastructure. With this acquisition, Galaxy inherits approximately $1 billion in Ethereum assets under stake, bringing their total to $3.3 billion. This acquisition also expands Galaxy’s capacity to provide enterprise-grade technical expertise and support across various blockchain protocols.
The seasoned three-person engineering team from CMF, led by Thorsten Behrens, will join Galaxy’s Blockchain Infrastructure team. This team will continue to develop and support secure node deployment, initially focusing on Ethereum but also extending to other ecosystems such as Polygon and Optimism.
🎤 Founder Feedback
Having worked closely with the talented team at Galaxy, we believe that Galaxy is uniquely positioned to serve as the go-to blockchain infrastructure provider and a leading validator across high-performing blockchains.Thorsten Behrens, CMF
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