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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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
Not available
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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
Not available
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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.
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.
People of Bitfury
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on investing in tech startups
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Global private equity investments are managed by Armat Group.
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Tech-focused venture capital firm funding companies in the US & Europe
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Investor details for Bitfury
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Investments & Acquisitions by Bitfury
Bitfury has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Allied Control and Shyft Network.
Investment portfolio details for Bitfury
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Customer identities are verified via blockchain-based solutions.
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Locked | Locked | 2017 | Locked | |
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Immersion cooling solutions are provided for commercial data center uses.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Bitfury
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Financial Statements - Bitfury
Detailed financials for Bitfury
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Bitfury Comparisons
Peer comparison for Bitfury
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Hardware solutions for cryptocurrency mining are developed.
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Cryptocurrency mining hardware is provided, connecting low-powered devices to gateways.
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Data centers for digital assets and energy solutions are operated.
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Sustainable Bitcoin mining and blockchain development solutions are provided.
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GPU-based cryptocurrency mining facilities are operated continuously.
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Detailed competitors of Bitfury
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Latest news on Bitfury
Complete news archive for Bitfury
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Frequently Asked Questions about Bitfury
Bitfury was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Bitfury is headquartered in Amsterdam, Netherlands.
Valery Vavilov is the current CEO of Bitfury. They have also founded this company.
Bitfury is a funded company, having raised a total of $201M across 8 funding rounds to date.
Annual revenue of Bitfury is $433.42K as on Dec 31, 2020.
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.
Bitfury's top competitors include BITMAIN, Helium and Argo Blockchain.
Bitfury offers Exonum, Crystal, DataTank Container, and BlockBox AC.
Bitfury has made 2 acquisitions, including Allied Control, and Shyft Network.
Bitfury has 23 investors. Key investors include NAVER, Macquarie Group, Korelya Capital, Armat Group, and Jabre Capital.