December 23, 2018 8:40 PM Discuss Bitfury is a diversified blockchain company, the largest industrial miner outside China, developer of software and hardware for working with the Bitcoin blockchain. The company has offices in San Francisco, Washington, D.C., Hong Kong, London and Amsterdam. It has data centers in Iceland, Norway, Canada and the Republic of Georgia. Bitfury Group is one of the market leaders in blockchain technology and one of the largest private infrastructure providers in the blockchain ecosystem. Bitfury Group develops and delivers both software and hardware solutions needed by businesses, government and government authorities, organizations and individuals to securely move an asset across the blockchain. Some of their software solutions include: digital assets PaaS, data analytics, lightning network, property rights registration, voting, and a chain hub. On the hardware side, they provide: Semiconductors and microelectronics, servers, datacenter construction, datacenters in marine containers, and immersion cooling.
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BitFury $80M Funding Round Attracts Galaxy Digital's Novogratz
November 07, 2018 10:45 AM Discuss Reading: BitFury $80M Funding Round Attracts Galaxy Digitals Novogratz Wilma Woo | Nov 07, 2018 | 03:00 Wilma Woo | Nov 07, 2018 | 03:00 Bitcoin mining infrastructure company BitFury Group has closed a private funding round worth $80 million from both global and cryptocurrency-focused investors. In a press release November 6, BitFury, which is also rumored to be planning an IPO, revealed Mike Novogratzs Galaxy Digital to be among the participants in the round, which was led by European venture capital firm Korelya Capital. This private placement will take our corporate governance to the next level, broaden our financial strategic options, and ideally position us for our next phase of growth as the market matures, executive vice president George Kikvadze commented on the plans for the fresh funding.
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Think Bitcoin Is Small Business Bitfury Is Making Almost $100 Million Annually - CoinDesk
July 24, 2017 4:52 PM Discuss The myth that blockchain industry startups don't make money has been largely shattered by investor documents that show Bitfury Group is generating revenue that would make it competitive against more mainstream companies. Founded in 2011, the venture-backed startup that started as a bitcoin mining operation, and that has since expanded to offer other software services, generated $93.7 million revenue in fiscal year 2017 according to the documents obtained by CoinDesk. In total, this was a 70 percent increase year-over-year. Of that revenue, earnings before interest, tax, depreciation and amortization (EBITDA) were $24.7 million based on a 26 percent margin.
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