According to Fortune, Bitfury announced a new investment direction. The company plans to support developers in artificial intelligence, quantum technologies, and decentralized systems. The fund totals $1 B, with $200 M scheduled to be allocated in the coming year. Management links the move to the accelerating convergence of crypto technologies and AI.
Details On Bitfury’s Investment Course
Co-founder Val Vavilov established Bitfury in 2011, when Bitcoin was worth less than $30. Later, the company spun off two mining divisions listed on Nasdaq: Cipher Mining (CIFR) with an estimated value of around $5.5 B, and Hut8 (HUT) with a market cap of about $4 B.
Bitfury also participated in launching infrastructure companies LiquidStack and Axelera AI. The first focuses on data center cooling, while the second develops software and hardware solutions for AI.
George Kikvadze, vice chairman of the board, said Bitfury intends to direct its earned capital to support new technology teams.
"We grew up on Bitcoin, and now we want to help companies creating solutions for the future," he said.
Reasons For The Shift In Focus
Bitfury has not yet finalized the full list of supported projects but has expressed interest in ethical developments in AI, quantum systems, transparent decentralized structures, and technologies that give users full control over their own data.
The latter area is seen as a key component of the ecosystem, with the team noting its growing relevance amid the rise of AI avatars.
In a conversation with Fortune, the team emphasized the importance of a long-term perspective. According to Val Vavilov, the future of digital infrastructure will be shaped by the combination of artificial intelligence and decentralized systems, and Bitfury’s experience in both areas allows the company to operate at this intersection.
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