The crypto mining firm's 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy.
Bitfury is a largest non-Chinese company that specializes on the development of Bitcoin blockchain software, which is providing for Bitcoin mining related to it hardware. Besides that, the company has consulting services. BitFury was founded in 2011 by Valery Vavilov, who is the current CEO. Bitfury mining is based on operation system applications and unique technology developed by the company. Also, they created a more efficient algorithm for routing called Flare for the Lightning network, which operates as a secure off-chain channel for faster transactions with less commissions. The Bitfury Group has representatives in the USA, China, Great Britain and Netherlands and datacenter operations are in the Republic of Georgia, Iceland, Canada and Norway.
Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury.3143
Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter.3420
Russia’s blockchain vote experiences yet another hiccup, as e-constituents' personal data is reportedly exposed.2921
The Bitfury-powered blockchain for the Russian constitutional amendments was reportedly attacked over the weekend.5788
Russia’s blockchain vote, powered by Bitfury, is off to a shaky start.2921
Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month.3671
Bitfury is opening the company up to institutional investment, which it says will help family offices and others to diversify their holdings with Bitcoin mining.3232
Blockchain development firm Bitfury is re-assigning the computing power it uses for digital currency transaction processing to COVID-19 research.1796
Blockchain development firm Bitfury is set to partner with the United Nations Development Programme on a project to conserve and increase Kazakhstan’s forestland.3837
Cointelegraph reached out to leaders of the crypto and blockchain space to find out what their New Year’s wish was for the industry.5902
Bitcoin exchange PrimeXBT partnered with blockchain development firm Bitfury to help it ensure Anti-Money Laundering compliance.1968
Bitfury chief executive officer and co-founder Valery Vavilov reportedly said that the company created its AI unit.2273
Researcher from RMIT explains why startups will fail to fulfil their promises to disrupt real estate with blockchain.5624
Indian tech firm Mphasis has partnered with blockchain tech giant Bitfury on a trade finance project.3536