Crypto Mining Giant BitFury Raises $80 Million in Private Placement
BitFury, a crypto mining company, has announced the closing of a private placement investment of $80 million, bringing the total funds raised by the firm to $170 million since …
BitFury
Bitfury Could Launch Europe’s First Major Crypto IPO, With Potential $3 Billion Valuation
Cryptocurrency mining firm Bitfury is considering an initial public offering in Amsterdam or London as early as 2019. The move would make Bitfury the first major crypto IPO listed …
Bitcoin Mining Giant Bitmain Unveils ‘Next-Generation’ 7nm Chip
Bitmain, the world’s most valuable cryptocurrency company, isn’t ready to relinquish its position as the dominant manufacturer of bitcoin mining chips — at least not yet. The China-based firm …
Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid
With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races …
Australian Blockchain Firm Strikes $190 Million Crypto Mining Deal
Sydney-based IoT Group, an ASX-listed firm, has inked a deal with the Australian reseller of Bitfury’s bitcoin mining hardware to kickstart a mining operation if it can get a …
Norway Government Welcomes Bitfury to Open $35 Million Bitcoin Mining Datacenter
Bitcoin industry giant Bitfury is opening a new bitcoin mining center in Norway, bringing investments and jobs in a move that has “delighted” the country’s government. In an announcement …
BitFury Launches Blockchain Investigation Tool to Fight Bitcoin Crime
Bitfury, a well-known industry group which started in 2011 as a Bitcoin mining company and has since grown into a multinational blockchain research group, has moved into the law …
Nonfactual FUD: China Cannot Control Bitcoin Network by Seizing Miners
Recently, Stuff.co.nz, a popular New Zealand-based news publication, claimed that the Chinese government could gain control over the Bitcoin network and sabotage it by seizing miners and mining equipment …
Coinbase Probes Insider Trading Allegations with Bitcoin Cash Launch
On December 20, employees and contractors of Coinbase, the world’s largest bitcoin brokerage and wallet platform, were accused by many members of the bitcoin community for insider trading. Abrupt …
Bitmain Suddenly Increases Antpool Hashrate on Litecoin, to Block Segwit Activation?
On April 17, Bitmain’s mining pool Antpool’s hashrate abruptly surged by around 20 percent in a period of few hours, from 200 to nearly 500 GH/S. Some members of …
Bitfury Inks ‘Biggest Blockchain Government Deal Ever’ with Ukraine
The Bitfury Group, a major bitcoin- and blockchain-company, has announced a deal with the government of Ukraine that will involve putting all of the government’s electronic data onto a …
Bitfury Mines a Block Signalling User-Activated SegWit Soft Fork
Bitfury is reported is to have mined a block supporting the BIP 148 proposal, effectively signalling a user-activated softfork (UASF) for SegWit. As the debate surrounding bitcoin’s block size …
Georgia Expands Project to Secure Land Titles on the Bitcoin Blockchain
The Republic of Georgia has formally teamed with Bitfury Group, a provider of blockchain infrastructure, to use the bitcoin blockchain to validate property-related transfers, according to Forbes. Bitfury Group …
Credit China FinTech Inks $30 Million Deal with Bitcoin Firm BitFury
Credit China Fintech Holdings Ltd., a Hong Kong-based industry investment firm has entered a $30 million agreement with bitcoin- and blockchain-industry giant BitFury. The deal will see an investment …
BitFury Launches ‘Global Blockchain Business Council’ in Davos
The Bitfury Group, prominently known as a developer of bitcoin mining hardware and operator of mining farms, has launched the Global Blockchain Business Council (GBBC). The forum’s aim is …
Bitcoin Miner Bitfury Group Partners ‘Big 4’ Firm EY to Provide Blockchain Services
Ernst & Young (EY), one of the “big four” services firms in the world has entered an agreement with The Bitfury Group, best known for its stature as a …
Bitcoin Network’s Hashrate Gets a Boost with Updated BitFury 16nm Chip
Veteran ASIC chip producer BitFury announced yesterday via Twitter that they are “finally” coming to market with a 16-nanometer chip which will be, reportedly, the fastest chip on record. …
Bitfury Lightning Network Algorithm ‘Flare’ Addresses Bitcoin Scaling Challenge
ACINQ, a French startup that develops bitcoin products, successfully tested the Bitfury Group’s payment routing solution called Flare on the Lightning Network, according to an ACINQ press release. The …
Bitfury Proposes a Solution to the Bitcoin Routing Problem in the Lightning Network
Bitfury just announced a white paper, in collaboration with Olaoluwa Osuntokun and others from the Lightning Network team, proposing a new algorithmic solution to Lightning Network’s routing problem. A …