TechFlow news, November 18 — According to Fortune, Bitcoin mining company Bitfury has announced a $1 billion investment initiative aimed at supporting mission-driven founders. The company plans to deploy $200 million next year, with the remainder to be allocated over the coming years.
Val Vavilov, co-founder and CEO of Bitfury, and George Kikvadze, Executive Vice Chairman, said the investments will focus on ethical technology companies in fields such as artificial intelligence, quantum computing, and transparent decentralized systems. Investment priorities also include self-sovereign identity technology, which enables users to fully control their data through cryptography.
Founded in 2011, Bitfury currently owns two Nasdaq-listed companies, Cipher Mining and Hut8, with a combined market capitalization exceeding $9 billion. The company has also established LiquidStack, a data center cooling firm, and Axelera AI, a company specializing in AI software and hardware design.
