Bitfury Receives $43 Million Bitcoin Sale Requests, Firmly Declines
Major bitcoin mining and blockchain technology firm Bitfury reportedly received bids from various investors and assets under management (AUM) funds over the past week as bitcoin price surged past US$800. In response, Bitfury Vice Chairman George Kikvadze firmly declined their offers, stating that the company isn’t and will not be interested in selling....
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Bitfury, the Bitcoin mining company has declined an offer from investors to purchase mined cryptocurrency in bulk. The steady rise in Bitcoin’s price has got a lot of people interested in it. As the market indicates a further increase in the digital currency prices, investors are looking for ways to buy more bitcoin through various sources. Some of them have decided to approach the miners directly to source the cryptocurrency instead of going through the usual channels like Bitcoin exchanges. Bitfury is one of the many mining companies to receive such requests. The increased requests for....
BitFury Early Gen Units. BitFury has been on a roll this year with over $40 million in venture capital funding, as well as the addition of Jonathan Teo and Dr. Jackson Hu to their Strategic Advisory Board. To top it all off they added President and Chief Strategy Officer for Samsung Electronics Young Sohn to their Advisory Board. BitFury has emphasized that they are not a mining company, but a technology company: BitFury has set their sites on being more than a chip maker. With all this in mind, we were able to ask BitFury CEO Valery Vavilov through email about their next gen Bitcoin ASIC....
Bitfury current holds 37.2 million shares of Hut 8.
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....
BitFury announced today that it has secured an additional $20 million funding from Silicon Valley vets, during a time when investments in companies working in the bitcoin space have seemingly become in vogue. The round is led by Lars Rasmussen (co-founder, Google Maps), along with Bill Tai (venture capitalist) and Bob Dykes (former President, Flextronics). The $6 billion Georgian Co-Investment Fund, which has previously invested in BitFury, also participated in this round. The company says they are committed to spend the funds to "continue its strong momentum as the leader in....