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Bitfury News

Bitfury is a largest non-Chinese company that specializes on the development of Bitcoin blockchain software, which is providing for Bitcoin mining related to it hardware. Besides that, the company has consulting services. BitFury was founded in 2011 by Valery Vavilov, who is the current CEO. Bitfury mining is based on operation system applications and unique technology developed by the company. Also, they created a more efficient algorithm for routing called Flare for the Lightning network, which operates as a secure off-chain channel for faster transactions with less commissions. The Bitfury Group has representatives in the USA, China, Great Britain and Netherlands and datacenter operations are in the Republic of Georgia, Iceland, Canada and Norway.

Top News

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BitFury announced that it has invested in BitPesa, a universal payment and trading platform for the African continent, through its investment wing, BitFury Capi...

Mining Giant BitFury Invests in BitPesa, the Pan-African Bitcoin Payment and Trading Platform

2016-02-29T18:44:00+00:00

781

BitFury NABC says a contentious hard-fork right now would be extremely detrimental to the bitcoin ecosystem.

Encouraging to see Bitcoin Community Come to a Consensus, says BitFury CEO

2016-02-25T16:36:00+00:00

644

Senior White House Staffer Jamie Elizabeth Smith joined the Bitcoin mining company Bitfury as Global Chief of Communications.

Special Assistant to President Barack Obama Joins Bitcoin Industry

Marco E. G. Maltese

2015-12-08T15:08:00+00:00

753

Global bitcoin blockchain infrastructure provider and transaction processing company BitFury is planning to invest US$100 million to build its second data cente...

BitFury Invests $100 Million into Republic of Georgia for Mega-Data Center

2015-09-25T20:13:00+01:00

1051

Bitcoin developers representing some 90 percent of the commits to Bitcoin Core in the last years have written and signed an open letter to the Bitcoin community...

SEP 2 DIGEST: Bitcoin Devs Pen Open Letter to Community; UK Gov’t Explores Blockchain for Recordkeeping

Aaron van Wirdum

2015-09-02T13:47:31+01:00

505

While large-scale national economies are slipping into default and long-term indebtedness, the Bitcoin economy couldn’t be more robust in 2015.

Bitcoin Capital Investment in 2015 Quickly Passes 2014 Totals

2015-07-16T08:50:00+01:00

513

Visa Europe believes existing payments companies and new players should cooperate more openly; BitFury announced that it has raised US$20 million in its third v...

JUL 10 DIGEST: Visa Exec Says Bitcoin Has a Future in Payments; BitFury Raises $20 Million in New VC Round

Aaron van Wirdum

2015-07-10T12:53:08+01:00

954

Three of the biggest Western mining pools – representing a total of some 19% of hashing power on the Bitcoin network – stand divided on raising the block size l...

KnC Miner, Slush Pool & BitFury at Odds Over Block Size Increase

Aaron van Wirdum

2015-07-07T16:50:00+01:00

1073