Bitfury Newsroom

The Amsterdam-based firm said Tuesday it had dedicated its GPU computer nodes to the “Folding@home” coronavirus research project. Run by Washington University, the project has been asking for computer processing power to run simulations for coronavirus protein structure that could ultimately help develop a vaccine.

Today the Bitfury Group announced its artificial intelligence division, Bitfury AI, has opened two new offices. The first office, focused on R&D, is now open in the Dutch city of Eindhoven, a leading tech and innovation hub. The second office is a regional location in Milan, Italy.

This week, we released our second annual list of billion-dollar companies making the biggest strides in blockchain tech. The list spans a wide range of industries and projects from household names like Vanguard, Square and Microsoft to cryptocurrency-native startups like Bitfury. A few more examples:

Our second annual Blockchain 50 represents enterprises embracing the technology underlying cryptocurrencies like bitcoin and using it to speed up business processes, increase transparency and potentially save billions of dollars. To qualify, Blockchain 50 members must be generating no less than $1 billion in revenue annually or be valued at $1 billion or more.

In Georgia, where most electricity is generated by hydropower, Bitfury deployed a system to reduce the energy needed to cool down its heating servers.

The Bitfury Group announced it has joined the Embedded Vision Alliance, a worldwide industry partnership bringing together technology providers and end-product companies that are enabling innovative and practical applications for computer vision.

The United Nations Development Programme (UNDP) in Kazakhstan will be joining efforts with the Bitfury Group, a leading emerging technologies company, to preserve and replenish large swathes of forest land across Kazakhstan.

As the dominoes of distributed ledgers and enterprise blockchains continue to topple, it may seem surprising, then, that one of the oldest Bitcoin companies is digging deeper into a blockchain for businesses. But that’s precisely what Bitfury is doing — and it’s adding Bitcoin to the mix.

The Bitfury Group has made what it calls a “strategic acquisition” in decentralized credential provider Shyft Network as it prepares to build out government-facing identity products. The deal, as outlined in a press statement Wednesday, will see Bitfury invest in Shyft’s Financial Action Task Force (FATF) travel compliance solution.

The Bitfury Group has partnered with and acquired a strategic position in the Shyft Network, a data aggregation and identity network, to launch a global identity ecosystem for governments and businesses.