09:40 AM EDT, 07/19/2024 (MT Newswires) -- Galaxy Digital Holdings ( BRPHF ) , which lost more than 8% yesterday, on Friday

acquired "substantially all of" the assets of CryptoManufaktur LLC, a blockchain node operator.

No financial details were given. But Galaxy said the buy will "meaningfully enhance its ability" to provide technical and infrastructural support to key projects and deployments and bolster the firm's Oracle Data as a Service offering to clients. The addition of CMF brings about $1 billion in Ethereum assets under stake (AUS), raising the firm's total AUS to $3.3 billion.

As part of the transaction, CMF's "seasoned" three-person engineering team, led by founder Thorsten Behrens, will join Galaxy's Blockchain Infrastructure team, which provides staking and validator services to qualified investors, protocols, and digital asset platforms.

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