Bitfury Newsroom

Today, Bitcoin miner turned technology incubator Bitfury announced its pivot to an investment firm with the launch of its $1 billion funding initiative, which seeks to back a new generation of ethical innovators.

Bitfury Group, a leading full-service blockchain technology company, today announced the shareholder approval of the non-dilutive distribution of approximately 126 million common shares currently held by Bitfury in Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher") in accordance with plans that were previously outlined.

Bitfury Group, a leading full-service blockchain technology company, is pleased to announce a planned non-dilutive distribution of its shares in Cipher Mining, Inc. ("Cipher") aimed at unlocking potential value both to Bitfury's underlying shareholders and other shareholders of Cipher. This move will reduce ownership concentration and create a more diversified and normalized shareholder base for Cipher.

Bitfury Group, a leading full-service blockchain technology company, announced today that it has sold 10,000,000 shares of the common stock of Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher”) at a price of $2.95 per share in a privately negotiated transaction. Cipher, a U.S.-based Bitcoin mining company, operated as a subsidiary of Bitfury prior to August 27, 2021. The common shares were offered pursuant to Cipher’s Form S-3 shelf registration statement and represent 4.95% of Bitfury’s current ownership of Cipher’s common shares. Bitfury will receive all net proceeds from the sale.

Bitfury Group, the Bitcoin mining and crypto tech pioneer, today announced the launch of a new 28MW digital asset mining data center in Sarnia, Ontario. The facility has commenced operations with expected capacity of 16MW by the end of February and an additional 12MW of capacity to be completed by the end of May. The project has expansion potential of up to 200MW.

Bitfury Group, the Bitcoin mining and crypto tech pioneer, today announced that Jonathan Gould has been appointed Chief Legal Officer. In this role, Mr. Gould manages the Company’s core legal functions, provides strategic advice to management and the board, and engages with policymakers and regulators globally on behalf of Bitfury and its portfolio companies. He reports to Bitfury Chief Executive Officer Brian Brooks.

Brian Brooks, CEO of Bitfury, joins ‘Closing Bell’ to discuss bitcoin, which hit its lowest price since September.

Former Acting Comptroller of the Currency and current Bitfury CEO Brian Brooks joins "First Mover" to discuss the U.S. stablecoin regulations.

The House Financial Services Committee holds a hearing on digital assets. Crypto executives including Jeremy Allaire, CEO of Circle, Samuel Bankman-Fried, CEO of FTX, Brian Brooks, CEO of Bitfury Group, Charles Cascarilla, CEO of Paxos Trust Company, Denelle Dixon, CEO of Stellar Development Foundation, and Alesia Jeanne Haas, CEO of Coinbase Inc., testify at the hearing.

Bitfury Group, the Bitcoin mining and crypto tech pioneer, today announced that Brian P. Brooks, former United States Acting Comptroller of the Currency, has joined the Company as Chief Executive Officer, effective October 29, 2021. Mr. Brooks will lead the 10-year-old crypto unicorn as it launches a new funding round, increases the growth of its mining business with a revolutionary new microchip design and new global data center locations, and scales a portfolio of innovative businesses that grew out of the Company’s heritage as an early Bitcoin leader. Val Vavilov, Founder of Bitfury, will become Chairman of the Board of Directors and Chief Vision Officer, where he will continue his focus on developing over-the-horizon hardware and software innovations for Bitfury as it builds the infrastructure for a tokenized global economy.