Bitfury Newsroom

Upbit, the largest digital asset trading platform in South Korea, has started listing Emercoin on its new public exchange, providing a major new platform for the cryptocurrency. Emercoin, an emerging leader in blockchain business services, has grown significantly over the past year. Last month, Emercoin announced it is working with Coca-Cola, the U.S. State Department and the Bitfury Group on a blockchain-based pilot project to combat forced labor in the supply chain. Emercoin also recently named renowned technology expert and Olympic gold medalist Eun Lee as a technical advisor and ambassador to Korea.

The Bitfury Group today is pleased to announce the hiring of technology veteran Henry Monzon as the company’s newly appointed Chief Revenue Officer. Monzon will lead all sales operations, commercial and go-to-market efforts of Bitfury’s hardware portfolio, including Bitfury’s innovative 16nm chip, servers and bitcoin mining center, the BlockBox.

The Bitfury Group today announced it is expanding into Norway, opening an energy efficient datacenter that will create approximately 30 local jobs. Bitfury CEO Val Vavilov made the announcement at the new datacenter in Mo i Rana.

Coca-Cola Co (KO.N) and the U.S. State Department along with two other companies (Bitfury and Emercoin) said on Friday they are launching a project using blockchain’s digital ledger technology to create a secure registry for workers that will help fight the use of forced labor worldwide.

Hut 8 Mining Corp. (TSX.V:HUT) (“Hut 8” or the “Company”) today began trading on the TSX Venture Exchange (“TSXV”) under the ticker HUT. With this listing, Hut 8 is now believed to be the world’s largest publicly-traded cryptocurrency mining operation based on funded and under-construction computing capacity. Hut 8 currently operates mines representing 18.7 MW of capacity with additional facilities under construction for total funded capacity of 62.7 MW in partnership with Bitfury.

The Digital Supply Chain Institute (DSCI), in partnership with Aricent and the Bitfury Group, today announced the results of pilot projects that demonstrate blockchain technology can deliver products 34 percent faster.

While crypto hogs the headlines, technology is disrupting the $8.5 trillion (market cap) U.S. financial services industry in less flashy ways, changing how we invest, borrow and save; how big banks control risk; and how hedge funds analyze data and place their bets. Worldwide, $27.4 billion poured into fintech startups in 2017, Accenture reports, up 18% from 2016. With so much in play, it's not surprising that 22 companies are new on this, the third edition of our list. All our picks have operations, customers or impact in the U.S., even if they're not based here. Our list excludes publicly traded companies and their subsidiaries, as well as established financial players that are privately held.

The Bitfury Group today announced it has completed sale of its state-of-the-art immersion cooling datacenter in the Gldani Free Industrial Zone to Chong Sing Holdings FinTech Group Limited (“Chong Sing Holdings”), expanding its strategic partnership with the top Asian fintech firm.

A new stock listing in Canada will soon give investors their first chance to buy into the booming market for computer chips driving most of the world’s bitcoin mining farms. Hut 8 Mining Corp. which is set to debut on the TSX Venture Exchange in Toronto this month, is backed by Bitfury Group Ltd., the main competitor to the Chinese company that dominates the market.

Bitfury isn't waiting for law enforcement to clean up the bitcoin space. After years of working with government agencies leery of bitcoin's seedy past, the blockchain services firm best known for its bitcoin transaction processing business has decided to take matters into its own hands. Launched today, a number of tools collectively identified as Crystal are intended to make it easy for users to identify and investigate criminal activity on the world's largest blockchain.