{"id":53972,"date":"2025-11-19T09:45:30","date_gmt":"2025-11-19T02:45:30","guid":{"rendered":"https:\/\/hbbgroup.net\/bitfury-pivots-to-launch-1b-tech-fund-after-14-years-of-mining-bitcoin\/"},"modified":"2025-11-19T09:45:30","modified_gmt":"2025-11-19T02:45:30","slug":"bitfury-pivots-to-launch-1b-tech-fund-after-14-years-of-mining-bitcoin","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/bitfury-pivots-to-launch-1b-tech-fund-after-14-years-of-mining-bitcoin\/","title":{"rendered":"Bitfury pivots to launch $1B tech fund after 14 years of mining Bitcoin"},"content":{"rendered":"
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Bitcoin miner Bitfury started up in 2011, but has now pivoted to tech investing and will pour $1 billion into ethical AI and crypto startups. <\/p>\n

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Bitfury is the latest Bitcoin miner to pivot away from the mining sector, announcing it will become an investment firm focused on \u201cethical emerging technologies,\u201d including artificial intelligence and crypto.<\/p>\n

Bitfury said<\/a> on Tuesday that it would pour $1 billion into AI and crypto startups as early as the fourth quarter of 2025, with the funds coming from its previous operations, successful investments, and a network of investors.<\/p>\n

\u201cOur mission is to close the gap between innovation and ethics by acting as a catalyst for founders and investors building technologies that serve people and promote long-term resilience,\u201d said Bitfury CEO Val Vavilov.<\/p>\n

Bitfury was one of the first companies to start mining Bitcoin (BTC<\/a>) in 2011 and had spun out the NASDAQ-listed Cipher Mining<\/a> (CIFR) and Hut 8 (HUT), currently the 2nd and 7th largest Bitcoin miners by market cap.<\/p>\n

Source: <\/em>Bitfury<\/em><\/a>
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Many Bitcoin miners have been fully or partially pulling away from the industry as the cost and difficulty of mining crypto have increased, with some, such as Bitfarms, converting their<\/a> sites to power AI.<\/p>\n

Bitfury CEO still sees crypto playing a big role in society<\/h2>\n
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Bitfury told<\/a> Fortune that it would focus on AI, quantum computing<\/a>, and \u201ctransparent decentralized systems.\u201d<\/p>\n

\u201dAI is taking over,\u201d Vavilov said when asked why the company will focus on those technologies. \u201cWe see the big synergy between AI and decentralized systems.\u201d<\/p>\n<\/div>\n

Bitfury has hands-on experience in AI, having built an immersion-cooling solution, LiquidStack, to cool AI data centers, while also co-founding Netherlands-based chip company Axelera AI.<\/p>\n

Related: <\/strong><\/em>Institutions lean into crypto despite Bitcoin price slump<\/strong><\/em><\/a><\/p>\n

Vavilov\u2019s added that self-sovereign identity<\/a> solutions enabled through cryptography are another area of focus for the company.<\/p>\n

Crypto miner stock slides with Bitcoin<\/h2>\n

Profitability margins in the Bitcoin mining sector<\/a> continue to be squeezed amid a 52% rise in Bitcoin mining difficulty over the last 12 months and a 26.2% fall in Bitcoin\u2019s price from its $126,080 set on Oct. 6<\/p>\n