Bitfury Announced the Launch of a $1B Fund for Developing Ethical Technologies

• Bitfury has announced a $1bn investment initiative to support “ethical emerging technologies.”
• The funds are scheduled to be distributed in the fourth quarter.
• Thus, the company will invest in AI, blockchain, and compliance with a focus on human values.

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Bitfury, which started out as a bitcoin miner, announced a strategic shift to an investment model and the launch of a $1 billion fund to support innovative technologies with a focus on ethics and long-term sustainability.

The company has fully raised the funds and plans to start distributing them in the fourth quarter of 2025.

Bitfury’s new mission is aimed at bridging the gap between the rapid development of technology and the slower pace of ethical standards, which, according to the company, has caused many global challenges. The goal is to support projects where “ethics, transparency, and human values at the core of emerging technologies.”

The company’s founder and CEO Val Vavilov said that the new stage of Bitfury’s development brings together founders and investors who create technology with a value-based purpose:

Vavilov emphasized that the company’s mission is to “close the gap between innovation and ethics” and support technologies that “serve people and promote to long-term resilience”.

He added that he has worked throughout his career to create systems that “strengthen trust and empower humanity” and Bitfury will continue on this path.

Founded in 2011 as a mining company, Bitfury has transformed over the past 15 years into a global technology holding company that has created or spun off a number of companies that are now active in the blockchain, artificial intelligence, and high-performance computing space. Among them:

• Cipher Mining (CIFR) and Hut 8 (HUT), both public companies that started as Bitfury operations in the US and Canada
• LiquidStack, a pioneer of immersion cooling for high-load artificial intelligence (AI) systems
• Axelera AI, a European leader in the development of AI chips and hardware solutions

These companies, according to Bitfury, form the core of the energy-efficient infrastructure of modern computing that supports AI, big data, and digital assets.

As a reminder, Bit Digital CEO Sam Tabar predicted the decline of the bitcoin mining industry in two years.

As of October this year, miners’ debt reached $12.7 billion, while last year this figure was $2.1 billion.

Against the backdrop of such results, mining company MARA announced the merger of mining and AI through partnerships with MPLX and Exaion. Meanwhile, the company’s CEO Fred Thiel emphasized that only those who control energy or move to AI will survive the next halving in 2028.

In addition, Bitfury has launched Crystal Intelligence, one of the leading cryptocurrency compliance platforms, and co-founded the Blockchain Alliance, a partnership that helps law enforcement agencies fight blockchain-related crimes.

The company has also established the Global Blockchain Business Council (GBBC), which aims to develop cooperation and educational initiatives in the field of distributed technologies.

George Kikvadze, Vice Chairman of Bitfury, said:

Jason Weinstein, director of the Blockchain Alliance, said:

Earlier, we wrote that the US mining company CleanSpark planned to conduct a private placement of $1bn of convertible senior notes due 2032. Up to 40% of the funds will be used to buy back its own shares, and the rest will be used to develop data centres and power facilities.