TL;dR
- Galaxy Digital Holdings Ltd. has acquired the majority of the assets of CryptoManufaktur LLC (CMF), increasing its Ethereum assets to $3.3 billion, a 43% increase.
- Founded by Thorsten Behrens in 2020, CMF is recognized for its expertise in Ethereum and other blockchains; its engineering team will integrate with GDH to strengthen its infrastructure services.
- The acquisition enhances the firm’s ability to offer technical and structural support, establishing it as a key partner for protocols and developers in the blockchain industry.
Galaxy Digital Holdings Ltd. has announced a significant acquisition that strengthens its capabilities in the blockchain and crypto industry. The company has acquired the majority of the assets of CryptoManufaktur LLC (CMF), a major blockchain node operator known for its secure and reliable infrastructure. The transaction is part of Galaxy’s expansion strategy, increasing its Ethereum assets under management to $3.3 billion, a 43% increase from previous values.
Founded in 2020 by Thorsten Behrens, CMF has gained recognition for its expertise in the Ethereum ecosystem, initially working on Chainlink’s price feed infrastructure and later on secure node deployment for Ethereum and other blockchains like Polygon and Optimism. CMF’s engineering team, consisting of three people, will now join GDH Blockchain Infrastructure team, bringing their experience in proof-of-stake (PoS) node operations and enhancing the company’s Oracle Data services.
Galaxy is excited to announce that it has acquired substantially all of the assets of @cryptomanuf, a blockchain node operator that provides trusted, secure services to decentralized protocols across the digital asset ecosystem.
Press Release: https://t.co/muSzAvEtQt
— Galaxy (@galaxyhq) July 19, 2024
CMF Strengthens Galaxy Digital’s Support Capacity
The acquisition of CMF not only expands Galaxy’s reach but also strengthens its ability to provide technical and structural support to projects within the digital economy. Zane Glauber, Head of GDH Blockchain Infrastructure team, emphasized that integrating CMF solidifies the company as a leading technical partner for protocols and developers. The inclusion of CMF’s team, led by Behrens, is seen as a valuable addition that will allow Galaxy to expand its operations and scale its infrastructure.
Galaxy aims to enhance its capabilities in the blockchain sector and provide advanced technical solutions to its clients. The firm is committed to growth and innovation in the crypto industry while reinforcing its position as a key provider of infrastructure and validation services in the market.
