Bitcoin mining firm Bitfury announced plans to step beyond mining with a major new investment push. Related Reading: Bitcoin To $220K In 45 Days? Genius Makes Bold Claim, Promises To Build Churches Worldwide According to reports, the company will launch a $1 billion technology fund after 14 years focused mainly on emerging tech such as […]Bitcoin mining firm Bitfury announced plans to step beyond mining with a major new investment push. Related Reading: Bitcoin To $220K In 45 Days? Genius Makes Bold Claim, Promises To Build Churches Worldwide According to reports, the company will launch a $1 billion technology fund after 14 years focused mainly on emerging tech such as […]

Bitfury Says Goodbye To Mining, Hello To A $1 Billion Tech Fund

2025/11/20 06:00

Bitcoin mining firm Bitfury announced plans to step beyond mining with a major new investment push.

According to reports, the company will launch a $1 billion technology fund after 14 years focused mainly on emerging tech such as artificial intelligence, quantum computing and decentralized identity systems.

The move signals a change of direction for the firm founded in 2011, which built its reputation on hardware and data center operations.

The $1B Fund Will Be Deployed Over Several Years

According to a press release, Bitfury intends to put roughly $200 million to work in the first year, with the remainder to follow over the next several years.

The firm says some capital could be deployed as early as Q4 2025. Company leaders told reporters that the money will come from a mix of returns from mining operations, past investment gains and outside backers.

Val Vavilov, the chief executive, has been named in reports as a key proponent of the shift.

The Fund Will Target AI, Quantum And Identity Tech

Bitfury has already invested in related infrastructure. Based on reports, the group helped build companies that handle data center cooling and AI hardware — assets that could support startups that need heavy compute.

Investors and founders in those sectors were quoted as saying Bitfury’s experience in physical infrastructure gives it a practical edge when backing capital-hungry projects.

Still, success is not guaranteed. Finding the right startups will be hard work, and competition from established venture firms is strong.

Why The Company Is Changing Focus

According to the company’s public comments, leaders see a link between secure, transparent systems and next-generation AI tools.

They argue that building technology that protects user identity and privacy will be important as AI systems grow more powerful.

The fund will emphasize what Bitfury calls “ethical emerging technologies,” a phrase the company uses to describe projects that combine technical innovation with safeguards for users.

Existing Strengths And Risks

Bitfury’s past moves show it can build hardware and run big operations. Reports note its ties to outfits working on immersion cooling and AI chips, which could make the company a useful backer for founders who need both money and infrastructure.

But running a large investment program is different from running mines. Picking winners in AI and quantum computing is competitive. Market swings, fast technology change, and unclear rules around crypto and identity systems add to the challenge.

Governance, Timing And What Comes Next

Based on reports, the fund’s governance model and detailed investment rules have not been fully public. Observers say those details will matter to prospective startups and co-investors.

Bitfury plans to move cautiously at first while still making a sizable first-year commitment. Some investors welcomed the news, while other analysts urged caution.

For now, Bitfury’s plan is clear in scale and ambition: $1 billion, early deployment in Q4 2025, and a first-year push of $200 million. How well the firm adapts from miner to investor will be watched closely by the tech and crypto communities.

Featured image from Shutterstock, chart from TradingView

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