Particle.news
Download on the App Store

Bitfury Launches $1 Billion Fund for Ethical Tech, Targeting AI and Decentralized Systems

Bitfury is pivoting from mining to investing, channeling earlier crypto gains into an ethics-focused portfolio.

Overview

  • The company committed to deploy $200 million over the next year, with the remaining capital planned over subsequent years.
  • Investment themes include artificial intelligence, quantum computing, transparent decentralized architectures and self-sovereign identity.
  • Executives frame the move as a response to a growing convergence between AI and decentralized technologies.
  • Bitfury cites its track record and resources from spin-offs Cipher Mining and Hut8, as well as AI-infrastructure ventures LiquidStack and Axelera AI.
  • Crypto outlet CoinCentral reports the full $1 billion is secured and that deployments could start as early as Q4 2025, a claim not independently corroborated in other coverage.