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5 days agoBitfury, known for its Bitcoin mining, launches $1 billion initiative to invest in ethical tech | Fortune
When Val Vavilov co-founded his Bitcoin mining company, Bitfury, in 2011, the original cryptocurrency was worth less than $30, a sliver of its roughly $91,000 price today. Since then, Bitfury's mining ventures spun off into two Nasdaq listed companies whose combined worth tops $9 billion, while also launching two companies that offer AI infrastructure. Bitfury's next step? It wants to use its money to invest in the next crop of ethical tech innovators.
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