Bitfury Newsroom

BitFury’s expansion in both the transaction processing facet and business development side of the Bitcoin industry is remarkable. They have been focusing on various projects that help not only expand their company but strengthens the Bitcoin network and industry. With over $40 million in venture capital raised in 2014 the totals they are racking up are impressive. Val has carefully been guiding BitFury through the evolving industry from an ASIC manufacturer into a multifaceted business that had drawn some of the best talent from around the world of tech and business

BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company today announced it secured $20 million in funding. Investors participating in the round included DRW Venture Capital, iTech Capital and Georgian Co-Investment Fund.

BitFury Group, a well-established Bitcoin blockchain infrastructure provider and transaction processing company, just announced it raised $20 million in funding with participation from DRW Venture Capital, iTech Capital and Georgian Co-Investment Fund.
“The success of yet another funding round validates our business strategy and brings us closer to our ambitious goals,” said Val Vavilov, CEO of BitFury. The company added in a press release that it intends to use the $20 million to support accelerating growth into technology and business ventures related to the Bitcoin blockchain.

BitFury, the best capitalized mining firm in bitcoin, today announced it has raised an additional $20m in funding.

The raise, its third in two years, brings the company's total to $60m, double that of rival KnCMiner ($29m) and over half of the total investment in mining infrastructure to date ($116.5m).

BitFury has announced today that it has brought on two people to its advisory board, Dr. James Newsome and Hernando de Soto.
Newsome is more of a regulatory heavyweight, having previously served under President Bill Clinton as Chairman of the Commodities Futures Trading Commission. He's also held the leading position at the New York Mercantile Exchange (NYMEX). De Soto is the president of Institute for Liberty and Democracy, an influential think-tank based in Peru.

The company also establishes office in Washington, D.C. and sets up technology advisory board led by Bitcoin Core Developer Jeff Garzik and Ernst & Young Americas Strategy Leader and the IoT expert Paul Brody to foster continuous technical innovation

The company also establishes office in Washington, D.C. and sets up technology advisory board led by Bitcoin Core Developer Jeff Garzik and Ernst & Young Americas Strategy Leader and the IoT expert Paul Brody to foster continuous technical innovation

BitFury and the Georgian Co-Investment Fund have joined forces to help flood victims in Tbilisi, Georgia by starting a Bitcoin fundraiser.

BitFury has teamed up with Georgian Co-Investment Fund to expedite Bitcoin donations for flood victims in Tbilisi, Georgia. Donors can use the Bitcoin wallet address or the QR code to make donations.

BitFury and the Georgian Co-Investment Fund partnered up to support Tbilisi, Georgia flood victims.