Bitcoin's Best Funded Miner BitFury Raises Another $20 Million
BitFury, the best capitalised mining firm in bitcoin, today announced it has raised an additional $20m in funding. The raise, its third in two years, brings the company's total to $60m, double that of rival KnCMiner ($29m) and over half of the total investment in mining infrastructure to date ($116.5m). In a statement, CEO Valery Vavilov said: "Today, we are excited to announce we have secured a funding round of $20m. The success of yet another funding round validates our business strategy and brings us closer to our ambitious goals." The Georgian Co-Investment Fund, which took part in the....
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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....
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....
Bitfury, the best-funded miner through investments has today announced the mass production of its 16nm Application Specific Integrated Circuit (ASIC) Chip, a project that was in development since the beginning of 2015. Bitcoin mining behemoth BitFury has revealed that it will begin mass production of its 16 nm mining chips following testing that has met expectations. The company revealed 40 gigahash per second design target for the chip, with a power efficiency of 0.06 joules per gigahash, a figure that hasn't been attained in the industry, yet. The company cites "rigorous testing," with....
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....