Exclusive: Bitfury, known for its Bitcoin mining, launches $1 billion initiative to invest in ethical tech and AI
Yahoo Finance·2025-11-18 21:00
When Val Vavilov cofounded his Bitcoin mining company, Bitfury, in 2011, the original cryptocurrency was worth less than 91,000 price today. Since then, Bitfury’s mining ventures spun off into two Nasdaq-listed companies whose combined worth tops $9 billion, while also launching two companies that offer AI infrastructure. Bitfury’s next step? It wants to use its money to invest in the next crop of ethical tech innovators. The company announced on Tuesday that it would launch ...