Bitfury Received Investments in the Amount of 80 Million Dollars in a Closed Investment Round


Bitfury, a mining cryptocurrency company, has attracted $ 80 million in its recently closed funding round. The information was presented in an official press release published on November 6th.

A few weeks after the rumors about the launch of the IPO, Bitfury held a closed round of investment. The largest investor in this round was Korelya Capital, a European venture capital fund. Among other participants, it is worth noting Naver Group, Macquarie Capital and Dentsu Japan, as well as Galaxy Digital.

Executive Vice President George Kikvadze noted:

“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.”

We remind you that, despite the difficult situation in the cryptocurrency market in the mining industry in 2018, Bitfury showed significant success and joined the major manufacturer of mining equipment Bitmain.

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