BitFury
Financials
Estimates*
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 31.8m | 34.5m | 34.5m |
% growth | - | 8 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$20.0m | Series A | ||
$20.0m | Series B | ||
$20.0m | Series C | ||
€27.4m | Late VC | ||
* | €27.3m | Late VC | |
$80.0m | Late VC | ||
* | $80.0m Valuation: $1.0b | Series C | |
Total Funding | $280m |
Related Content
Recent News about BitFury
EditBitfury is a pioneering company in the field of emerging technologies, primarily focusing on blockchain and artificial intelligence (AI). The company operates in the global market, serving a diverse range of clients including financial institutions, law enforcement agencies, governments, and private enterprises. Bitfury's business model revolves around providing advanced technological solutions that enhance security, transparency, and efficiency in various operations.
One of Bitfury's core offerings is its state-of-the-art data centers, which ensure the security and stability of the Bitcoin blockchain. These data centers are equipped with the Bitfury BlockBox AC, one of the most powerful bitcoin mining devices available today. Bitcoin mining involves using computers to solve complex mathematical problems to validate transactions on the Bitcoin network, and miners are rewarded with bitcoins for their efforts. This is a significant revenue stream for Bitfury.
In addition to hardware, Bitfury offers software solutions like Crystal, a web-based tool designed to help financial institutions and law enforcement manage blockchain investigations. This tool aids in tracking and analyzing blockchain transactions, making it easier to detect fraudulent activities and ensure compliance with regulations.
Bitfury also provides Exonum Enterprise, a blockchain-as-a-service (BaaS) solution. BaaS allows businesses and governments to integrate blockchain technology into their operations without needing to develop the technology in-house. This service helps clients improve their operational efficiency and transparency.
Moreover, Bitfury's involvement in AI is highlighted by its membership in the Embedded Vision Alliance, a global partnership that promotes the use of computer vision technology in various applications such as automotive, consumer electronics, gaming, medical, and retail sectors.
Bitfury generates revenue through the sale of its mining hardware, subscription fees for its software tools, and service fees for its blockchain solutions.
Keywords: Blockchain, Bitcoin, Data Centers, Mining, AI, Financial Institutions, Law Enforcement, Exonum, Crystal, Emerging Technologies.