Bitcoinist
Bitcoin mining firm Bitfury announced plans to step beyond mining with a major new investment push.
According to reports , the company will launch a $1 billion technology fund after 14 years focused mainly on emerging tech such as artificial intelligence, quantum computing and decentralized identity systems.
The move signals a change of direction for the firm founded in 2011, which built its reputation on hardware and data center operations.
The $1B Fund Will Be Deployed Over Several Years
According to a press release , Bitfury intends to put roughly $200 million to work in the first year, with the remainder to follow over the next several years.
The firm says some capital could be deployed as early as Q4 2025. Company leaders told reporters that the money will come from a mix of
New York Post