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$80 Million Are Invested In Bitfury Mining Company

21:35 06/11/2018

Bitfury, a manufacturer of mining equipment, has raised $80 million in a closed round of financing, the company’s press service informed.

 

Korelya Capital venture capital fund from Europe was leading the investment round. Also, several Asian companies and the Galaxy Digital venture company founded by Mike Novogratz, a specialist in the crypto operations, have invested in Bitfury.

Such investments will enable the company to reach a new stage of development, expand its financial and strategic opportunities, and contribute to the next stages of development, so that the enterprise could become a mature market participant, George Kikvadze, Bitfury executive vice сhairman, stated.

 

Bitfury implements highly productive computing technologies and develops advanced solutions in software based on blockchain for government and business. In 2018, Galaxy Digital created the next generation of ASIC chips and a new series of computing servers Bitfury Tardis.

Antoine Dresch, Korelya Capital's co-founder and managing partner, expressed satisfaction that his company was leading the funding round. According to him, Bitfury was able to grow to the biggest fintech-"unicorn" of blockchain in Europe from a small startup and became one of the industry leaders that offers innovative solutions to the market.

 

As previously reported, Bitfury is looking for a possibility to organize initial public offering (IPO), which will be the first in Europe in the crypto industry, in order to support strategic development.

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