BitFury Secures $20M Funding for Bitcoin Technology Expansion
Bitcoin technology company BitFury has been able to secure $20 million in funding to support its expansion plans. The funds came from DRW Venture Capital, iTech Capital and Georgian Co-Investment Fund in their latest round of funding. BitFury has plans to expand to the Republic of Georgia by building a Techno Park that can host its 100MW center. The company has been involved in providing bitcoin technology infrastructure and transaction processing services. Bitcoin Technology Expansion Plans. "Today, we are excited to announce we have secured a funding round of $20 million. The success of....
Related News
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....
Leading Blockchain infrastructure provider and Bitcoin mining firm BitFury secured a $30 mln investment from a Hong Kong-based fintech company Credit China Fintech to launch a joint Bitcoin venture in China. The investment will be allocated in the expansion of BitFury’s operations and in the funding of the joint project revolving around the commercialization of Blockchain technology and sale of BitFury’s Bitcoin mining equipment to local miners and companies. Phang Yew Kiat, Vice-Chairman and CEO of Credit China Fintech stated: “Blockchain is a fast emerging technology allowing effectively....
Leading bitcoin mining hardware manufacturer BitFury has declared their interest in the investment game, with the announcement of a little something they're calling 'BitFury Capital'. As the name would suggest, the branch-off will serve as a seed investment fund. According to the company, "The fund will leverage BitFury's leading position in bitcoin and cryptocurrency infrastructure to accelerate other parts of the ecosystem through strategic partnerships, and expansion into adjacent business opportunities." This particular fund will be a subsidiary of BitFury Group, and it will reported....
In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation. Bitfury, one of the world’s largest companies in the blockchain industry, is mulling a potential initial public offering, or IPO, as part of the company’s global growth plans, the company’s CEO confirmed to Cointelegraph.“As Bitfury and its portfolio of companies continue their global expansion in the digital assets space, Bitfury will be considering an IPO as part of its broader expansion and growth plans,” Bitfury co-founder and CEO Valery Vavilov said.According to the....
If knowledge of the BitFury brand was confined to the bitcoin ecosystem prior to this year, the Amsterdam, Riga and San Francisco-based company has done its best in 2014 to change this, raising $40m through two funding rounds and adding executives with experience at Samsung and VeriFone to its newly created strategic advisory board. BitFury has dominated VC funding in the bitcoin mining vertical in what has so far proved to be a year shaped by big fundraising announcements. At press time, BitFury accounts for 65% of all investments made in mining companies so far this year, and over 10% of....