Bitcoin mining company Bitfury launches a $1 billion investment plan, focusing on AI, quantum computing, and other enterprises

According to Fortune magazine, Bitcoin mining company Bitfury has announced a $1 billion investment plan aimed at supporting mission-driven entrepreneurs. The company plans to invest $200 million next year, with the remaining funds to be gradually invested over the next few years. Bitfury stated that a specific list of investment companies has not yet been determined. However, the company plans to invest in ethical enterprises engaged in fields such as artificial intelligence, quantum computing, and transparent decentralized systems. Additionally, the company also plans to invest in the self-sovereign identity space.

Most of Bitfury's revenue comes from its mining operations, which include two companies that were spun off from the parent company and are listed on NASDAQ. Cipher Mining (CIFR) operates in the United States with a market capitalization of approximately $5.5 billion; Hut8 (HUT) originated in Canada with a market capitalization of about $4 billion. Furthermore, Bitfury has also founded and co-established two companies providing AI infrastructure, namely LiquidStack and Axelera AI.