In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation.
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.
The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs.5317
Bitcoin mining firms, even the newly-established ones, seem to be increasingly pursuing public listings.6010
The crypto mining firm's 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy.11152
Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury.3344
Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter.3673
Russia’s blockchain vote experiences yet another hiccup, as e-constituents' personal data is reportedly exposed.3022
The Bitfury-powered blockchain for the Russian constitutional amendments was reportedly attacked over the weekend.5944
Russia’s blockchain vote, powered by Bitfury, is off to a shaky start.3049
Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month.3786
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.3410
Blockchain development firm Bitfury is re-assigning the computing power it uses for digital currency transaction processing to COVID-19 research.1929
Blockchain development firm Bitfury is set to partner with the United Nations Development Programme on a project to conserve and increase Kazakhstan’s forestland.4003
Cointelegraph reached out to leaders of the crypto and blockchain space to find out what their New Year’s wish was for the industry.6165
Bitcoin exchange PrimeXBT partnered with blockchain development firm Bitfury to help it ensure Anti-Money Laundering compliance.2100