The Bitfury Group is a full-service blockchain technology company that builds hardware, security and software solutions for governments, corporations and the Bitcoin network. Its products include custom semiconductor chips, mobile datacenters, the private blockchain framework Exonum, analytics platform Crystal Blockchain and Lightning Network engineering (LightningPeach). Founded in 2011, the company employs about 700 people across 15 countries and operates five data centers in Iceland, Canada, Georgia and Norway. Bitfury reported triple-digit growth and more than half a billion dollars in revenues. The company says it will use proceeds from the placement to support growth and expand into adjacent market segments such as AI. Management retains control of the company. BitFury Group is a Bitcoin and private blockchain infrastructure provider and transaction processing company headquartered in Amsterdam, The Netherlands. Led by CEO and founder Valery Vavilov, BitFury develops and delivers both the software and the hardware solutions necessary for businesses, governments, organizations and individuals to securely move an asset across the Blockchain. The company's core offerings combine hardware and software infrastructure for blockchain transactions. In January 2017 BitFury received a US$30m investment from Credit China FinTech. The investor signed a deal with BitFury to establish a joint venture focusing on the China market. The collaboration will assist Credit China FinTech in maximising the adoption of the Bitcoin Blockchain and private Blockchains into its various platforms. BitFury builds Bitcoin blockchain infrastructure and transaction-processing hardware and services. Its product lineup includes the HexFury USB mining rig (six ASICs) and a recently rolled-out 28 nm chip. The company acquired immersion-cooling startup Allied Control and is building a 'Techno Park' to host a new 100 MW data center in the Republic of Georgia. It secured $20 million in funding to bolster its blockchain infrastructure. Founded in 2011 by Valery Vavilov and Valery Nebesny, BitFury has offices in San Francisco, Washington, D.C., and Amsterdam, and data centers in Iceland and the Republic of Georgia.

Total raised

$130M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2018