BitFury – DIGIT INFO

While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult

DIGIT — Sat, 10 Sep 2022 15:30:54 +0000

Over the past 12 months, Bitcoin’s hashrate has increased by 85.77%, while 53,547 blocks were mined and 334,668.75 new bitcoin were minted into circulation. More than two dozen bitcoin mining pools have dedicated hashrate toward the Bitcoin blockchain during the last six years, and while the hashrate is 22,900% higher, the number of bitcoins found […]

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Critic of Bitcoin’s ‘one-percenters’ still positive about future of digital assets

DIGIT — Thu, 28 Jul 2022 08:37:00 +0000

A financial professor is skeptical about Bitcoin’s design but is still very much involved in crypto research and is bullish about the future of digital assets.

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Georgia crypto mining’s potential: What’s driving growth in the industry?

DIGIT — Fri, 22 Apr 2022 15:01:00 +0000

A combination of laissez-faire factors has created a beneficial environment for cryptocurrency mining in Georgia.

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Georgia punches well above its weight for Bitcoin mining: Report

DIGIT — Mon, 21 Feb 2022 10:11:42 +0000

The tiny population of Georgia is a dark horse for Bitcoin mining, contributing close to one percent of the industry’s total hash rate, according to a report by Arcane research.

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Crypto in the House: Execs on the march, US partisan politics and Web3

DIGIT — Wed, 15 Dec 2021 14:25:00 +0000

A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill.

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House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets

DIGIT — Wed, 01 Dec 2021 20:02:40 +0000

The hearing, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” is the latest from Congress to explore the issues concerning crypto assets.

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Former Comptroller Brian Brooks gets a new gig as Bitfury CEO

DIGIT — Fri, 05 Nov 2021 05:55:15 +0000

Former Binance.US CEO Brian Brooks has become the new CEO of Bitfury and will oversee the firm’s rapid expansion plans.

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Bitfury CEO confirms IPO considerations are part of expansion plans

DIGIT — Mon, 18 Oct 2021 19:30:00 +0000

In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation.

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Cipher Mining splashes $350M on next-gen Bitcoin mining rigs from Bitfury

DIGIT — Wed, 13 Oct 2021 17:40:00 +0000

The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs.

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Mining Hardware Manufacturer Bitfury Plans to Go Public

DIGIT — Mon, 11 Oct 2021 20:00:48 +0000

Bitfury, the leading non-Chinese bitcoin mining hardware manufacturer, is reportedly planning to go public in the next 12 months. This would constitute one of the largest listings of a European-based cryptocurrency mining hardware company to date. The company had a valuation of $1 billion dollars after its latest funding round, and is backed by companies […]

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