BitFury Capital Makes First Investment in Bitcoin Wallet Provider

BitFury Capital Makes First Investment in Bitcoin Wallet Provider

Newly-launched BitFury Capital announced Friday that they have made their first investment into the bitcoin ecosystem since launching. A subsidiary of BitFury Group, BitFury Capital is a seed fund that launched in early July, and they say today they've made an investment in what has been described as a "prominent bitcoin wallet provider." Interestingly enough, BitFury Capital neglected to mention which wallet provider they invested in, and what the investment was valued at. "We are happy to mark our first investment into the Bitcoin ecosystem," said Marat Kicikov, managing director of....


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BitFury is Investing $100 Million in a New Bitcoin Mining Farm

Bitcoin block chain infrastructure provider BitFury has announced the construction of a $100 million data center in Tbilisi, Georgia's capital city. Georgia has been attracting key international technology companies to position itself as an investment destination and the BitFury Group have duly obliged, by investing $100 million in building a data center in the country's capital of Tbilisi, reports Agenda.de. The 100MW data center will be the second built by the BitFury Group in Georgia after the installation of a 20MW data center in Gori, a city in eastern Georgia. The block chain....

Georgia, Attracts $100m Investment from the Blockchain infrastructure provider BitFury

BitFury Group, a Bitcoin Blockchain infrastructure provider and transaction processing company is investing $100 million USD to build its second data centre, and the first Technology Park in Tbilisi, Georgia's capital. BitFury has management offices in Amsterdam in the Netherlands and in San Francisco in the United States, as well as data centers in Iceland. Now the company prepares to make a capital injection on the new site in Georgia. Sources from BitFury stated the country was selected for its attractive investment climate and ease of conducting business. Low energy cost and....

Quotes

Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled network like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

Satoshi Nakamoto, Bitcoin Developer