Bitcoin Miner Manufacturer BitFury Raises $20 Million in Financing
Leading bitcoin mining hardware manufacturer BitFury announced on Friday that they have raised a whopping $20 million in financing, making it one of the largest investments in the bitcoin sector. Investors that participated in the funding round include Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund (GCF), Queensbridge Venture Partners and ZAD Investment Company. Angel investors are said to have also joined in on the funding round, along with BitFury's seed investors. "The success of this funding round validates our strategy and brings us closer to our aspiration of....
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CleanSpark closed a $35 million, non-dilutive financing deal by collateralizing over 3,000 miners with a 9.9% interest rate to fuel growth expenditures.
Bitfury current holds 37.2 million shares of Hut 8.
The Yiazo YBF-M Bitfury Mining Mainboard Using the YBF14S-H Bitfury Miner Board. The mining industry is rapidly developing, and new manufacturers are working hard to bring their miners to market. One of the newest manufacturers is Yiazo. They have developed a new Blade Setup and controller board using Bitfury Rev 2 ASIC Miner chips. They are offered at a solid price point, and I was able to afford to buy a kit to review. The shipping gods graced me yet again with another non-beaten-up package and fast delivery all the way from the Netherlands. The specs are nice, and it is the controller....
Bitfury, the non-Chinese bitcoin mining hardware manufacturer, is reportedly planning to go public in the next 12 months. This would constitute one of the largest listings of a European-based cryptocurrency mining hardware company to date. The company had a valuation of $1 billion dollars after its latest funding round, and is backed by companies like Mike Novogratz’s Galaxy Digital.
Bitfury Going Public in European Markets
Bitfury, a cryptocurrency mining hardware manufacturer in Europe, is reportedly planning to go public in European markets. The company, which....
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....