Forbes Top 50 Blockchain, Bitcoin Miner Bitfury Prepares to Expand Globally by IPO

Time:2021-12-26 Source: 1024 views Trending Copy share

According to reports, Valery Vavilov, CEO of Bitfury, a Forbes Blockchain Top 50 company and Bitcoin mining hardware manufacturer, finally nodded and confirmed that Bitfury is considering an initial public offering or IPO to prepare for the company's global expansion plan, but has not yet proposed Specify the timetable and which exchange to conduct the IPO on.

Bitfury's last round of financing was to raise $80 million with a goal of $1 billion in 2018.

A week ago, Bitfury's IPO plan was reported by the media, and Bitfury hired Deloitte (Deloitte) accounting firm to review its preparations for listing. There was no positive response from Bitfury at that time. Now the CEO has confirmed the listing plan positively.

Bitfury's investors include European venture capital fund Korelya Capital, South Korean Internet Naver Group, one of Australia's largest banking groups Macquarie Bank (Macquarie Capital), Dentsu Japan (Dentsu Japan), and crypto investment company Galaxy Digital.

Founded in 2011, Bitfury operates a variety of services, including crypto mining hardware design and manufacturing, software and semiconductor chip manufacturing, and operation of mobile data centers. As of March 2021, the company's Bitcoin mining subsidiary Cipher Mining is valued at more than US$2 billion.

In addition to focusing on cryptocurrency mining, Bitfury is also actively committed to cryptocurrency security, blockchain research and compliance, and invests in artificial intelligence research. In early September, the Dutch artificial intelligence semiconductor startup Axelera AI announced the completion of a seed round of 12 million US dollars, and Bitfury participated in the lead investment.

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