Mining Giant Bitfury Receives $80 Million In Financing

It is reported that bitcoin mining giant Bitfury announced the completion of the $80 million financing led by venture capital firm Korelya capital.

According to Bitfury, investors involved in this round of financing include companies such as Galaxy Digital, Macquarie Capital and Armat Group.

Bitfury executive George Kikvadze said at the press conference that we are the leading B2B global technology infrastructure provider for service companies and governments. This financing will enable our company’s operating level to be comprehensively upgraded, expand our strategic choices, and prepare for our next phase of development as the market matures.

It is understood that Bitfury is committed to the production of mining equipment, and in September released a new ASIC chip “Clarke” to mine bitcoin. At the time, the company said it would introduce a series of new processors for miners.

In addition, the company has established mining data centers in countries such as Canada, Norway, Iceland and the Republic of Georgia.

According to media reports, the company may be listed in Amsterdam, London or Hong Kong next year.

When talking about why it was involved in the financing, Galaxy Digital CEO and founder Mike Novogratz said that Bitfury’s team, vision, technology and global market influence have left us a deep impression, all of which are Conducive to the development of the basic ecosystem of Bitcoin.


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