TL;DR
- Bitfury launched a $1 billion investment plan in ethical technologies and AI, allocating $200 million for 2025.
- The company finances the expansion of ethically focused tech startups thanks to Bitcoin mining and its global operations.
- The fund will prioritize AI projects that emphasize transparency, privacy, and decentralization.
Bitfury launched a $1 billion investment plan focused on ethical technologies and artificial intelligence, allocating $200 million for 2025.
The initiative aims to support entrepreneurs in areas such as AI, quantum computing, self-sovereign identity systems, and decentralized technologies. According to Val Vavilov, CEO and co-founder of the firm, the investment explores the synergy between AI and decentralized systems, combining experience in cryptocurrencies and technological development.
The company earned the majority of its revenue through Bitcoin mining. Its global operations include Cipher Mining, with a valuation of $5.5 billion, and Hut 8, with a market capitalization of $4 billion. In addition, Bitfury co-founded LiquidStack, which optimizes data center cooling, and Axelera AI, which develops hardware and software for artificial intelligence. The profitability of these operations now finances the expansion toward ethically focused tech startups.
Bitfury Looks Ahead to Technological Trends: The Future of Privacy and AI
The fund will prioritize AI projects that integrate transparency, privacy, and decentralization. Self-sovereign identity systems will allow users to fully control their data through cryptography, a component Bitfury considers essential given the proliferation of AI avatars and the growing difficulty of distinguishing between real and digital entities. Vavilov anticipates that this technology will be fundamental over the coming decades and emphasizes the importance of anticipating long-term technological trends.
George Kikvadze, executive vice chairman, highlighted that the strategy aims to enable new entrepreneurs to develop transformative solutions. The company has not yet published a list of specific investments but targets startups that combine ethics, innovation, and scalability in AI, quantum computing, and decentralized systems.
Bitfury maintains its focus on Bitcoin mining and technology infrastructure management, but diversifying into ethical investment funds could reshape its competitive profile and open new opportunities and partnerships in the tech sector.
The investment plan marks a strategic transition: from direct cryptocurrency exploitation to funding ethical and technological innovation
