Bitfury News

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.

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A finance professor is skeptical about Bitcoin's design but is still very much involved in crypto research and is bullish about the future of digital assets.

Critic of Bitcoin’s ‘one-percenters’ still positive about future of digital assets

2022-07-28T09:37:00+01:00

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A combination of laissez-faire factors has created a beneficial environment for cryptocurrency mining in Georgia.

Georgia crypto mining’s potential: What’s driving growth in the industry?

2022-04-22T16:01:00+01:00

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The tiny population of Georgia is a dark horse for Bitcoin mining, contributing close to 1% of the industry’s total hash rate, according to a report by Arcane r...

Georgia punches well above its weight for Bitcoin mining: Report

2022-02-21T10:11:42+00:00

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A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill.

Crypto in the House: Execs on the march, US partisan politics and Web3

2021-12-15T14:25:00+00:00

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The hearing, "Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States," is the latest f...

House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets

2021-12-01T20:02:40+00:00

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Former Binance.US CEO Brian Brooks has become the new CEO of Bitfury and will oversee the firm’s rapid expansion plans.

Former Comptroller Brian Brooks gets a new gig as Bitfury CEO

2021-11-05T05:55:15+00:00

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In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation.

Bitfury CEO confirms IPO considerations are part of expansion plans

2021-10-18T20:30:00+01:00

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The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs.

Cipher Mining splashes $350M on next-gen Bitcoin mining rigs from Bitfury

Osato Avan-Nomayo

2021-10-13T18:40:00+01:00

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