The Bitfury Group

Bitfury Group is a technology company founded in 2011 in Amsterdam, Netherlands, originally established as a Bitcoin mining operation and designer of custom ASIC chips for securing the Bitcoin network. Over time the company expanded into a broader technology incubator, building and funding businesses across Bitcoin infrastructure, blockchain analytics, sustainable computing, and artificial intelligence.

The company’s portfolio includes Cipher Mining (Nasdaq: CIFR), an industrial-scale Bitcoin mining and high-performance computing data center operator; Crystal, a blockchain analytics platform used for compliance and crime investigation; LiquidStack, which develops immersion cooling systems for data centers; and Axelera AI, an AI chip company. Bitfury has offices in Amsterdam, San Francisco, Washington D.C., London, and Hong Kong, and has operated data centers in Iceland, Norway, Canada, and Georgia.

Bitfury raised a total of approximately $181 million across multiple funding rounds and has been listed on Forbes’s Fintech 50 ranking. The company played a role in an early government blockchain initiative, working with Georgia on registering land rights on a blockchain in 2016.