TechFlow news, October 19 — Bitfury CEO Valery Vavilov confirmed that "as Bitfury and its portfolio of companies continue their global expansion in the digital assets space, Bitfury will consider an IPO as part of its broader expansion and growth strategy." Bitfury has not yet determined when or on which exchange it would pursue an IPO. In 2018, Bitfury raised $80 million at a $1 billion valuation. The company's investors include European venture fund Korelya Capital, South Korean internet giant Naver Group, Asian institution Macquarie Capital, Japan's Dentsu, and Michael Novogratz's cryptocurrency investment firm Galaxy Digital. Earlier reports indicated that Bitcoin mining firm BitFury plans to go public within the next 12 months and has already engaged Deloitte for auditing. The company was valued at $1 billion in its last funding round, while its valuation in this upcoming listing could reach several billion pounds. Bitfury’s IPO would become the largest cryptocurrency company IPO in Europe to date.
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