Bitfury closes $80M private placement deal

posted 9 days ago
Bitfury, a full-service blockchain tech company, has raised $80 million, working with global institutional and corporate investors such as Korelya Capital, Mike Novogratz's Galaxy Digital, and Bryan, Garnier & Co. The private placement was led by Korelya Capital, the European growth capital firm backed by Korean digital giant Naver. European tech investment bank Bryan, Garnier & Co. advised the company on the private placement.

CEO and co-founder of Bitfury Valery Vavilov said “This private placement reflects our achievements, and it recognizes our ability to address adjacent market segments in high-performance computing, including in emerging technologies like artificial intelligence (AI)." Mike Novogratz, CEO & Founder of Galaxy Digital said “We are impressed with Bitfury’s unparalleled team, as well as the company’s vision, technical expertise and global reach, all of which are essential to advancing the underlying Bitcoin ecosystem.”
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