Bitcoin Mining Giant BitFury Announces $20 Million Funding Round

Bitcoin Mining Giant BitFury Announces $20 Million Funding Round

Bitcoin mining hardware manufacturer BitFury has announced $20m in new financing that it will use to further strengthen its international market presence while accelerating its production of ASIC, semiconductor and server products. Participants in the round included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund, Queensbridge Venture Partners and ZAD Investment Company. Additional funding was provided by former Google employee, former General Catalyst managing director and Snapchat investor Jonathan Teo, and Glyde and Scribd board member Bill Tai. Valery Vavilov,....


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