Bitfury CEO confirms IPO considerations are part of expansion plans
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....
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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....
Compared to the 2014 rout, Bitcoin price seems to have stabilized near lower levels. Many in the industry expected at least a shutdown of the major businesses involved in Bitcoin mining. But as the price forms a base near $200-220, Bitcoin mining companies are sensing an opportunity to expand their infrastructure and increase their market share. Two of the world's leading Bitcoin mining companies, BitFury and KnCMiner, are going ahead with their expansion plans even in the current low-price environment. BitFury recently announced that it is acquiring a privatized land plot in the Republic....
BitFury Capital has announced an undisclosed strategic investment in digital currency merchant processor GoCoin. The move marks the third investment for BitFury Capital, the venture capital arm of bitcoin mining hardware and services provider BitFury. As part of the deal, BitFury indicated that it will seek to use GoCoin as the default processor for its global vendors. In an interview, GoCoin CEO Steve Beauregard framed the investment as one that would also add new business-to-business (B2B) clients to his company's existing customer base. Beauregard told CoinDesk: "The goal is to bring....
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....
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....