Bitfury, a major Bitcoin infrastructure provider, has announced that it raised a whopping $20 million last week in financing during an investment drive.
Investors in the round included cryptocurrency heavy-hitters like Crypto Currency Partners and Binary Financial, plus the Georgian Co-Investment Fund and angel investors Bill Tai and Jonathan Teo.
BitFury CEO Valery Vavilov expressed satisfaction with the fundraiser, saying the round validated the company's strategy and edged the group closer to its goal of becoming the world's first major publicly listed Bitcoin company.
"This investment will further accelerate our growth, and we are excited to strengthen our industry leadership with next-generation hardware and services," Vavilov said.
The group will put the money towards developing Bitcoin mining facilities around the world and boost server production, it said.
BitFury, founded in 2011 and based both in San Francisco, CA and Amsterdam, is a leading Bitcoin infrastructure provider, with experts working in investment, research and design, development, manufacturing, and operations. It is the world's biggest producer of Application-Specific Integrated Circuits (ASICs) and computer servers for Bitcoin mining, and is itself a major miner, with centers in Finland, Iceland, and the Republic of Georgia.
"It's in our DNA…" the company's slogan whispers.
Well, if it wasn't in our DNA before, $20 million can definitely buy BitFury in now.