Bitcoin mining company Bitfury launches $1 billion investment plan

According to Foresight News, Bitcoin mining company Bitfury has launched a $1 billion investment plan aimed at supporting mission-driven entrepreneurs, Fortune Magazine reported. The plan is to invest $200 million over the next year, with the remaining funds to be invested over the next few years. Bitfury said it does not yet have a complete list of investment target companies. However, the company plans to invest in ethical companies in areas such as artificial intelligence, quantum computing and transparent decentralized systems.

Bitfury generates the majority of its revenue from its mining operations, which include two spin-off companies, both of which are listed on Nasdaq. Cipher Mining (CIFR) operates in the United States and has a market capitalization of approximately $5.5 billion; Hut8 (HUT) operates in Canada and has a market capitalization of approximately $4 billion. Bitfury also founded LiquidStack and Axelera AI, two companies that provide artificial intelligence infrastructure. The former is responsible for the cooling of the data center, while the latter is responsible for the design of artificial intelligence software and hardware.

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