Tag: BitFury

Bitfury, a San Francisco-based provider of blockchain infrastructure, has just closed an $80 million funding round led by venture capital firm Korelya Capital, the company announced in a press release on November 6, 2018. $80 Million Private Placement for European Blockchain Unicorn Bitfury Bryan, Garnier & Co, the leading European growth focused investment bank acted as Sole Financial Advisor and…

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Most famously known for their cryptocurrency mining ASIC chips, Bitfury is reportedly interested in public on a major stock exchange in 2019, reported Bloomberg on October 25, 2018.  The mining company has had talks with global investment banks with countries all through Europe in preparation for a trading debut in Amsterdam, London or Hong Kong. Pre-IPO Valuation of $5 Billion…

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All over the world, the so-called BlockBoxes used in bitcoin mining, are appearing in the countryside as FinTech companies and individuals are getting on the bandwagon to get the best out of the newly-emerged industry. Creation of BitFury These large mysterious structures are the work of BitFury Group Ltd. CEO and Co-Founder Valery Vavilov and CTO Valery Nebesny. Latvian-born Vavilov…

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Coca-Cola and the US State Department are working together to fight forced labor in the supply chain using blockchain technology. “We are partnering with the pilot of this project to further increase transparency and efficiency of the verification process related to labor policies within our supply chain,” said Brent Wilton, Coca-Cola’s global head of workplace rights, as reported by Reuters….

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The Ukraine and Bitfury test new frontiers! The State Agency for eGovernance signed a memorandum with Bitfury, which could be the beginning of the biggest and most ambitious blockchain project a government has started. On April 13 Oleksandr Ryzhenko, head of the Ukrainian State Agency for eGovernance, and Valery Vavilov, CEO of Bitfury, signed a memorandum which could be a…

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After announcing a partnership in April 2016 with Bitcoin mining company, Bitfury Group, to design a blockchain land registry pilot with the Republic of Georgia’s National Agency of Public Registry (NAPR), a new memorandum of understanding (MOU) has been signed to expand the offering of services. Interestingly, Sweden announced it would launch a testnet for managing their nation’s real estate…

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Credit China Fintech has invested $30 million in mining hardware producer BitFury, announced January 25. A joint venture aims to help the company to sell its hardware on the highly competitive Chinese mining market, which is currently dominated by BitFury’s rival BitMain. In short, the USA and China fight over the control of Bitcoin mining. Whoever doubted that networking is…

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The MIT lecturer and former White House advisor Brian Forde joins Bitfury – a company that has already established strong connections to the government. While most people know BitFury as a miner, the firm has grown into an amazingly successful, full-service blockchain firm. In late November, BitFury announced that it added Brian Forde to its Advisory Board. That he joins…

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Global Bitcoin Blockchain infrastructure provider and transaction processing company BitFury has announced their investment in African Bitcoin payments platform BitPesa. BitPesa is a hybrid enterprise-level Bitcoin payments platform which allows individuals and businesses worldwide to send payments to Kenya, Nigeria, Uganda and Tanzania. The firm operates Africa’s most efficient and regulation-compliant bitcoin exchange that enables users to trade bitcoin with…

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In partnership with GUC, a worldwide fabless ASIC design service company, BiFury has announced that their new custom-designed 16nm ASIC mining chip will be ready for mass production. Smaller manufacturing processes are the only way to make any definitive gains regarding hashing speed or power efficiency. With architectures for 28 and 32nm pretty much plateaued, the only major advancements to…

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