According to Deep Tide TechFlow news on November 18, as reported by Fortune, Bitcoin mining company Bitfury announced a $1 billion investment plan aimed at supporting mission-driven founders. The company plans to invest $200 million next year, with the remaining funds to be deployed over the coming years.
Bitfury co-founder and CEO Val Vavilov and Executive Vice Chairman George Kikvadze stated that the investment will focus on ethical technology companies in areas such as artificial intelligence, quantum computing, and transparent decentralized systems. Investment priorities also include self-sovereign identity technology, which allows users to have complete control over their data through cryptography.
Bitfury was founded in 2011 and currently owns two Nasdaq-listed companies, Cipher Mining and Hut8, with a total market capitalization of over 9.5 billion USD. The company also established the data center cooling company LiquidStack and the artificial intelligence hardware and software design company Axelera AI.
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