BitFury
| Native name | Bitfury Group |
| Industry | Technology incubator / digital infrastructure |
| Founded | ~2011 |
| Website | bitfury.com |
Bitfury (Bitfury Group) is a technology company that originated in bitcoin mining hardware and blockchain infrastructure and later repositioned as a technology incubator. Its public site describes investment and company-building across web3 and digital assets, sustainable high-performance computing, and artificial intelligence.[1]
History and business model
Bitfury’s early reputation was built on ASIC mining chips, mining farms and related blockchain infrastructure during the 2010s.[1]
As marketed on bitfury.com, Bitfury presents itself as an incubator that builds and funds companies in web3, AI, and sustainable computing, rather than as a pure-play miner. Portfolio examples highlighted on the site include Cipher Mining (NASDAQ: CIFR) for industrial data centers, HPC and bitcoin mining services; Crystal for blockchain analytics; LiquidStack for immersion cooling (described as Bitfury-incubated); and Axelera AI for AI chips.[1]
The homepage also carries a headline about a “$1B initiative to advance ethical innovation.” That figure is Bitfury’s own marketing claim on the site.[1]