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Tag Archives: bitfury

Bitfury Group Announces Blockchain-Based Music Entertainment Division

The Bitfury Group today launched Bitfury Surround, a music entertainment division that will design blockchain solutions to address challenges faced by artists and other stakeholders in the music industry. Bitfury Surround’s first initiative will be to create an open-source music platform secured by the Bitcoin Blockchain. The open-source platform, named …

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Bitfury Completes 80 USD Million Private Placement

Expanded Support from Major Corporate and Financial Institutions Confirm Continued Strength of Top Blockchain Company. The Bitfury Group, the world’s leading full-service blockchain technology company, has closed an $80 million USD private placement with global institutional and corporate investors. The private placement was led by Korelya Capital, the European growth …

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Bitfury Launches New Suite of Bitcoin Mining Hardware

New “Bitfury Clarke” ASIC Brings Heightened Bitcoin Mining Performance, Profitability. The Bitfury Group today launched a new generation of bitcoin mining hardware, led by its newest bitcoin mining ASIC chip, Bitfury Clarke. Building on Bitfury’s successful five generations of mining chips, the Bitfury Clarke ASIC offers the strongest performance characteristics …

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Bitfury Sold Gldani Data Center

Bitfury IT service management company, sold its data center which is located in Gldani district, to Asian Chong Sing Holdings with whom negotiations lasted for several months. According to Bitfury CEO Valery Vavilov, selling the data center is aimed at expanding the company on the Asian market. “The transaction strengthens our relationship …

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Bitfury Group Introduced a New Investigative Product Crystal

The Bitfury Group has introduced a new investigative product of Bitcoin-blockchain System ”Crystal”, which will be used by law enforcement agencies and financial institutions. Crystal will provide a comprehensive vision of bitcoin and blockchain technologies and uses data analysis to reveal dubious transactions. In addition, the product offers the risk …

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Georgia Among Three Countries With the Largest Number of Bitcoin Miners

Georgia has been listed among three countries with the largest number of Bitcoin miners in the world. Bitcoin mining is a process that both adds transactions to the cryptocurrency blockchain ledger but also unlocks new Bitcoins into the system. The process involves using computer power to solve complex mathematical puzzles. Bitcoin …

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Ukraine to Launch Big Blockhain Deal with Tech Firm Bitfury

Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm’s chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere. Bitfury, a blockchain company with offices in the …

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CEO of the BitFury Group to Report at Blockchain & Bitcoin Conference

valery-vavilov

The annual Moscow-based Blockchain & Bitcoin Conference will feature a presentation of the legendary blockchain entrepreneur, founder of BitFury Group, Valery Vavilov. He will focus on blockchain as a new technological revolution. Media presents news about yet another large-scale BitFury project every two weeks. Shortly before its fifth anniversary, the …

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Public Registry to Introduce Smart Contracts in Everyday Activities

In 2017 Public Registry plans to launch the second stage of cooperation with BitFury Group for starting a test project based on real estate registration in blockchain system and introducing smart contracts. “This is top technology that reduces involvement of human resources in the decision-making process. The second stage of …

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BitFury Launches ‘Global Blockchain Business Council’ in Davos

The Bitfury Group, prominently known as a developer of bitcoin mining hardware and operator of mining farms, has launched the Global Blockchain Business Council (GBBC). The forum’s aim is to bring together leading businesses, executives & government authorities and figures to collaborate and push for the adoption of blockchain technology …

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Co-Investment Fund Withdraws from BitFury Group

Co-Investment Fund has withdrawn from BitFury Group, Co-investment Fund director Giorgi Bachiashvili noted. “We have withdrawn our investments from Bit-Fury Group. No other new project is relevant currently. Anyway, we will discuss any interesting offer”, Giorgi Bachiashvili said. As reported, Co-Investment Fund put 10 million USD investment in BitFury in …

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