BitFury announces seed-investment fund

Posted on July 14, 2014

In a short press release published over the weekend, bitcoin mining hardware maker BitFury announced the launch of a new venture capital fund to provide cryptocurrency startups with much-needed seed money. Dubbed BitFury Capital, the fund will “accelerate other parts of the [bitcoin] ecosystem through strategic partnerships, and expansion into adjacent business opportunities.” In addition […]

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GHash fallout prompts BitFury to pull 1.5PH/s from pool

Posted on June 14, 2014

Industrial bitcoin mining company BitFury announced today that it has moved 1.5 petahash from the GHash.io pool following widespread concerns of hashrate centralization and growing fears about the potential of a 51% attack. The company maintains two high-powered mining facilities in Iceland and Finland, taking advantage of those countries extremely low energy costs. Should the […]

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Mining hardware maker BitFury announces $20 million financing deal

Posted on May 30, 2014

San Francisco-based bitcoin mining hardware maker BitFury announced today that it had secured a new round of financing worth $20 million dollars. Investors in the new round included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund (GCF), Queensbridge Venture Partners and ZAD Investment Company. Angel investors Bill Tai and Jonathan Teo were also involved in […]

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