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Title: Bitfury Stock: 14-Year Bitcoin Miner Shifts to $1B Tech Investment Fund
The news is out – Bitfury, a pioneering 14-year-old Bitcoin miner, has decided to pivot its operations and launch a whopping $1 billion tech investment fund! This bold move marks a significant departure from the company’s traditional focus on Bitcoin mining.
As reported by CoinCentral, this transformation will see Bitfury shift gears and dive headfirst into investing in cutting-edge AI, quantum computing, and decentralized systems. To put this into perspective, the cryptocurrency mining giant has already gained valuable experience in AI through its LiquidStack cooling solution for AI data centers and its co-founding of chip company Axelera AI.
The company’s CEO, Val Vavilov, highlighted the importance of AI’s role in transforming industries: “AI is taking over. We see a big synergy between AI and decentralized systems.” This change is not just about following trends; it reflects Bitfury’s commitment to backing projects that prioritize transparency and work towards serving people’s long-term interests.
In addition to its AI and quantum computing forays, the fund will also give attention to decentralized identity solutions. The latter aims at giving individuals control over their digital identities through cryptography-enabled solutions.
The $1 billion investment fund is poised to make a significant impact in these emerging areas. Bitfury has existing partnerships with investors, which will fuel this new venture. Existing operations and successful investments will also contribute to the fund’s capital. It seems that this shift is strategically planned for the fourth quarter of 2025.
The company now finds itself at the forefront of ethical tech innovation, positioning itself as a catalyst for founders and investors in the space.
Source: coincentral.com
