Press Material

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 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. Valery 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.

Bitfury Holding BV announced today the company sold 8,477,687 common shares of Hut 8 Mining Corp. (TSX-V: HUT). The company also filed on February 12, 2021 an intention to transfer, via secondary, an additional 8,500,000 common shares of Hut 8. Bitfury intends to use the proceeds from such sales for accelerated R&D, specifically around its next-generation ASICs chip development, which will positively influence Bitfury’s growing global ecosystems of customers and partners, inclusive of Hut 8. The proceeds will also be leveraged for bolstering Bitfury’s capital structure.

Today, the Bitfury Group announced Tyler Page had joined its executive team as head of business development for its digital asset infrastructure products and services. In this role, Page will be overseeing Bitfury’s digital asset investment program announced in May, designed to provide an avenue for institutional and professional investors to diversify their portfolios into digital currency operations.

As a partner and shareholder of Hut 8 Mining Corp. (Hut 8) Bitfury Holding BV (“Bitfury”) clarifies its filing on December 3, 2020.

The Bitfury Group and the Nippon Angel Investment Company (NAIC) announced the launch of a digital currency infrastructure fund, the first of its kind in Japan. The fund will enable individual and institutional investors to diversify their portfolios into digital currency infrastructure.

Today the Bitfury Group announced the launch of its institutional investor
program, designed to help large investors and family offices diversify their portfolios into digital asset infrastructure.

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.