The Bitcoin mining company Bitfury announced the launch of a $1 billion investment plan, focusing on ethical technology and AI innovation.

Odaily News According to Fortune magazine, Bitcoin mining company Bitfury has announced the launch of an investment plan of up to $1 billion aimed at supporting “mission-driven” entrepreneurs, with a focus on investing in innovations in ethical tech and artificial intelligence (AI). The company plans to invest $200 million in the next year, with the remaining funds to be spent over the next few years. Bitfury plans to invest in fields such as AI, Quantum Computing, transparent Decentralization systems, and self-sovereign identity, which allows individuals to have full control over their own data. Bitfury co-founder and CEO Val Vavilov stated that the company's strategic shift is based on the significant synergies emerging between AI and Decentralization systems, believing that the future will be a model that combines both. Bitfury primarily profits through its Bitcoin Mining operations and has previously spun off two NASDAQ-listed companies: Cipher Mining (market capitalization of approximately $5.5 billion) and Hut 8 (market capitalization of approximately $4 billion). Bitfury has also co-founded AI infrastructure companies LiquidStack (data center cooling) and Axelera AI (AI hardware and software design).