About Bitfury
Bitfury is a company based in Amsterdam (Netherlands) founded in 2011 by Mark Dollar and Valery Vavilov.. Bitfury has raised $201 million across 8 funding rounds from investors including NAVER, Macquarie Group and Korelya Capital. Bitfury has completed 2 acquisitions, including Allied Control and Shyft Network. Bitfury offers products and services including Exonum, Crystal, DataTank Container, and BlockBox AC. Bitfury operates in a competitive market with competitors including BITMAIN, Helium, Marathon Digital Holdings, Argo Blockchain and HIVE Blockchain Technologies, among others.
- Headquarter Amsterdam, Netherlands
- Founders Mark Dollar, Valery Vavilov
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bitfury Group Limited
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Annual Revenue
$433.42 K (USD)-66as on Dec 31, 2020
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Net Profit
$-25.31 K (USD)-434as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$201 M (USD)
in 8 rounds
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Latest Funding Round
$80 M (USD), Series D
Nov 06, 2018
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Investors
NAVER
& 22 more
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Employee Count
Employee Count
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Investments & Acquisitions
Allied Control
& 1 more
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Products & Services of Bitfury
Bitfury offers a comprehensive portfolio of products and services, including Exonum, Crystal, DataTank Container, and BlockBox AC. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for integrating blockchain into government and company operations.
Software for blockchain investigations by financial institutions.
Containerized solution for energy-efficient cluster computing deployments.
Containerized HPC for optimized bitcoin mining and computations.
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Funding Insights of Bitfury
Bitfury has successfully raised a total of $201M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $80 million completed in November 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $80.0M
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First Round
First Round
(23 Jan 2014)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series D - Bitfury | Valuation | Korelya Capital | |
| Jan, 2018 | Amount | Series C - Bitfury | Valuation |
investors |
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| Jan, 2017 | Amount | Series C - Bitfury | Valuation | Credit China FinTech Holdings |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bitfury
Bitfury has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include NAVER, Macquarie Group and Korelya Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on investing in tech startups
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Founded Year | Domain | Location | |
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Global private equity investments are managed by Armat Group.
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Founded Year | Domain | Location | |
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Tech-focused venture capital firm funding companies in the US & Europe
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bitfury
Bitfury has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Allied Control and Shyft Network. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Customer identities are verified via blockchain-based solutions.
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2017 | ||||
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Immersion cooling solutions are provided for commercial data center uses.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bitfury
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitfury Comparisons
Competitors of Bitfury
Bitfury operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BITMAIN, Helium, Marathon Digital Holdings, Argo Blockchain and HIVE Blockchain Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hardware solutions for cryptocurrency mining are developed.
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| domain | founded_year | HQ Location |
Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
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| domain | founded_year | HQ Location |
Data centers for digital assets and energy solutions are operated.
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| domain | founded_year | HQ Location |
Sustainable Bitcoin mining and blockchain development solutions are provided.
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| domain | founded_year | HQ Location |
GPU-based cryptocurrency mining facilities are operated continuously.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitfury
Frequently Asked Questions about Bitfury
When was Bitfury founded?
Bitfury was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Bitfury located?
Bitfury is headquartered in Amsterdam, Netherlands.
Who is the current CEO of Bitfury?
Valery Vavilov is the current CEO of Bitfury. They have also founded this company.
Is Bitfury a funded company?
Bitfury is a funded company, having raised a total of $201M across 8 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Jan 23, 2014.
What is the annual revenue of Bitfury?
Annual revenue of Bitfury is $433.42K as on Dec 31, 2020.
What does Bitfury do?
Bitfury was founded in 2011 and is headquartered in Amsterdam, Netherlands. Infrastructure products and services are offered by the company to support the Web 3.0 ecosystem, with a focus on securing digital assets. ASICs, PCBs, boards, servers, and data centers are developed and sold for Bitcoin mining. Blockchain-as-a-service is provided for government integration, alongside Bitcoin payment solutions, music industry applications, and web-based tools for law enforcement in blockchain contexts.
Who are the top competitors of Bitfury?
Bitfury's top competitors include BITMAIN, Helium and Argo Blockchain.
What products or services does Bitfury offer?
Bitfury offers Exonum, Crystal, DataTank Container, and BlockBox AC.
How many acquisitions has Bitfury made?
Bitfury has made 2 acquisitions, including Allied Control, and Shyft Network.
Who are Bitfury's investors?
Bitfury has 23 investors. Key investors include NAVER, Macquarie Group, Korelya Capital, Armat Group, and Jabre Capital.
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