Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Wednesday Nov 19 2025 00:30
2 min
Bitfury, a long-standing player in the Bitcoin mining industry, has announced a significant strategic pivot. The company will transform into an investment firm concentrating on what it calls “ethical emerging technologies,” with a primary focus on artificial intelligence (AI) and cryptocurrencies. Bitfury plans to allocate $1 billion to AI and crypto startups, starting as early as the fourth quarter of 2025.
The capital for this venture will be sourced from Bitfury's previous operational successes, profitable investments, and an established network of investors. According to Bitfury CEO Val Vavilov, “Our mission is to close the gap between innovation and ethics by acting as a catalyst for founders and investors building technologies that serve people and promote long-term resilience.”
Founded in 2011, Bitfury was an early entrant into the Bitcoin mining space. The company also spun out Cipher Mining (CIFR) and Hut 8 (HUT), both publicly traded on NASDAQ and currently ranked as the 2nd and 7th largest Bitcoin miners by market capitalization, respectively. This strategic shift comes as many Bitcoin miners are reducing or eliminating their involvement in the industry. The increasing costs and computational difficulty associated with mining crypto are significant factors. Some miners, such as Bitfarms, are even repurposing their facilities to power AI operations.
Bitfury has stated that its investment focus will include AI, quantum computing, and “transparent decentralized systems.” CEO Vavilov emphasized the growing importance of AI, stating, “AI is taking over. We see the big synergy between AI and decentralized systems.” Bitfury already possesses practical experience in the AI field, having developed LiquidStack, an immersion-cooling solution for AI data centers, and co-founded Axelera AI, a Netherlands-based chip company.
Profitability within the Bitcoin mining sector is under pressure due to a substantial increase in mining difficulty, rising by 52% over the past year. Additionally, Bitcoin's price has decreased by 26.2% since its peak on October 6th. These challenges have negatively impacted the stock prices of a significant portion of the largest Bitcoin mining companies, with 20 out of 22 experiencing declines in the past month.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Wednesday, 1 July 2026
6 min
Wednesday, 1 July 2026
5 min
Wednesday, 1 July 2026
10 min
Sunday, 5 July 2026
Indices
Crude Oil Prices Slip as OPEC+ Boosts Output Targets and Hormuz Traffic Normalises
Wednesday, 1 July 2026
Indices
Spot Gold Rebounds Above $4,000 as US Manufacturing Slows and Fed Shifts Messaging
EN
