From The Bitfury Group Newsroom

BitFury, a major Bitcoin hardware vendor, has entered the hosting and cloud mining business. Fueled by $20 million in recent venture funding, the company is rolling out a global data center network, anchored by a new 20 megawatt facility in the Republic of Georgia.

One of bitcoin's biggest mining infrastructure providers, BitFury, has launched a new hosted mining service for business customers. The company claims the scheme will provide customers with “optimal and reliable” – but low-cost – hash power to maximise the return on their investment.

BitFury Group, the leading Bitcoin infrastructure provider, today announced it is launching "BitFury Capital": a seed
investment fund. 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.

Australia's only listed cryptocurrency company is continuing its aggressive growth strategy with yet another strategic supply partnership, this time with computer hardware manufacturer BitFury. BitFury would provide "a significant quantity of its most advanced Bitcoin mining hardware" to digital BTC under the agreement

This is where BitFury comes into the equation. If the bitcoin mining equipment manufacturer holds up to its
promises, the company will indeed become the first ever major publicly traded bitcoin company. Not only is this
possible, but the likeness of BitFury making its way into the portfolio of mainstream investors is quickly becoming
nothing shy of a reality.

Bitcoin mining hardware manufacturer BitFury has announced $20m in new financing that it will use to further
strengthen its international market presence while accelerating its production of ASIC, semiconductor and server
products.

BitFury Group, the leading Bitcoin infrastructure provider, today announced it closed $20 million in financing.
Investors participating in the round included Binary Financial, Crypto Currency Partners, Georgian Co-Investment
Fund (GCF), Queensbridge Venture Partners and ZAD Investment Company. Renowned angel investors Bill Tai
and Jonathan Teo also joined the round, along with the company's seed investors.

The rules governing bitcoin that limit the creation of the open-source virtual currency to 21 million units could one day be modified if a majority of its users were in agreement, said a top executive at one of the world's largest bitcoin "mining" companies.
George Kikvadze, board member and advisor of BitFury, said Monday that if the notion of a finite number of bitcoins was ever altered it would be fair and should not undermine the value. During an interview Monday on CNBC's "Squawk Box," he likened it to when "governments go in and print money." About 12.6 million bitcoins are in circulation now.

Australia's only listed cryptocurrency company is continuing its aggressive growth strategy with yet another strategic supply partnership, this time with computer hardware manufacturer BitFury. BitFury would provide "a significant quantity of its most advanced Bitcoin mining hardware" to digital BTC under the agreement.

In 2015, the BitFury Group issued a white paper in which it assayed to ring-fence some of these clearings in the jungle with definitions for Public versus private, permissionless versus permissioned blockchains —and the hybrids.