BitFury Secures $30 Million Investment to Provide Blockchain Infrastructure in China
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....
Related News
Credit China Fintech Holdings Ltd., a Hong Kong-based industry investment firm has entered a $30 million agreement with bitcoin- and blockchain-industry giant BitFury. The deal will see an investment in Bitfury shares and a new joint-venture effort focusing on the Chinese market. An announcement [PDF] by BitFury reveals that Credit China Fintech will aid the industry firm to maximize “the adoption of the Bitcoin Blockchain and private Blockchains” into Credit China’s various FinTech investments and platforms. A report by CNBC points to further details about the joint venture to be a....
Bitfury group has partnered with Credit China Fintech. The company has received a $30 million investment as a part of the deal. The Chinese interests have expanded beyond Bitcoin in the recent days. The world’s largest cryptocurrency market is now focusing on research, development, and implementation of blockchain technology across various industry sectors within the country. Credit China Fintech has aligned itself to the country’s aspirations by making a $30 million investment in Bitfury Group – a cryptocurrency technology company. The recently forged partnership will now enable the Hong....
A new two-part deal valued at $30m will see BitFury expand its footprint in China. The full-service blockchain technology company has announced a deal with Credit China Fintech, a firm that provides consumer-facing financial products, according to FT. The $30m deal has two components: an investment in BitFury directly and plans to establish a joint venture in China. In statements, Credit China Fintech said that it would seek to adopt the technology for its services, looking at applications of both the bitcoin blockchain and private ledgers. Phang Yew Kiat, Vice-Chairman and CEO of Credit....
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....
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....