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.

News
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
Turner Wright
2021-12-01T20:02:40+00:00
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News
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
Brian Quarmby
2021-11-05T05:55:15+00:00
4506
News
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
Helen Partz
2021-10-18T20:30:00+01:00
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News
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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News
Bitcoin mining firms, even the newly-established ones, seem to be increasingly pursuing public listings.
Bitfury's US Bitcoin mining subsidiary to go public via $2B SPAC merger
Osato Avan-Nomayo
2021-03-05T13:26:42+00:00
6070
News
The crypto mining firm's 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy.
Bitfury forms MaaS partnership to upgrade $35M Norway data center
Turner Wright
2020-11-04T21:07:07+00:00
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News
Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury.
Ukrainian Ministry Plans to Track Crypto Transactions With Bitfury
Helen Partz
2020-07-24T20:48:00+01:00
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Follow up
Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter.
Transparency of Russia’s Blockchain Voting Setup Put Under a Microscope
Stephen O'Neal
2020-07-17T15:03:00+01:00
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