Mining Hardware Manufacturer Bitfury Plans to Go Public
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....
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Cryptocurrency mining hardware manufacturer BitFury on Wednesday announced a hosted mining service that will be available to all business customers (as opposed to a select few, we imagine). The company, which recently launched a seed investment fund, says that some 40 percent of all bitcoins are mined using BitFury chips, giving them an interesting and impressive track record. The move comes during a time in which self-mining with one's own hardware has become extremely cost-prohibitive, with constant hardware updates required and significant energy requirements. "We are a trusted partner....
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....
The Bitcoin mining game has undergone several evolutionary steps over the past few years. As mining chips became smaller and smaller, the question became whether or not hardware manufacturers could keep on improving certain aspects. BitFury seems to have cracked the code, as they recently announced the mass production of the fasted – and most effective –....
DigitalBTC has inked a strategic hardware supply agreement with BitFury, one of the leading manufacturers of bitcoin mining equipment. The company is owned by Australian investment firm Macro Energy, which acquired Digital CC and its subsidiary digitalBTC last month. Thanks to the acquisition, the firm became the first bitcoin-related business to be listed on the Australian Stock Exchange (ASX). Mining plans. At the time Macro Energy said it plans to raise AU$9.1m and to invest the money in the expansion of digitalBTC operations, including bitcoin mining. Soon after digitalBTC entered a....
One of the world’s biggest bitcoin mining machine manufacturers is preparing to go public in the United States. China-based Whatsminer is reportedly looking to obtain additional funds to buy Samsung chips with the initial public offering (IPO). Whatsminer’s Revenue Could Hit $1 to $2 Billion in 2021 According to Chinese media outlets and Asian journalist Collin Wu, the company’s market value can exceed “tens of billions.” Citing three sources familiar with the matter, Wu says that such a move could help the mining giant obtain more funds to increase its....