Bitcoin Mining Firm Bitfury Launches $1 Billion Initiative for Ethical Tech

TLDR

• Bitfury launches $1 billion initiative to back ethical and sustainable tech startups.

• The fund will support tech ventures that prioritize transparency, ethics, and human values.

• Bitfury’s new initiative follows its legacy of incubating successful tech companies.

• The firm aims to close the gap between rapid tech development and ethical frameworks.

Bitfury, originally known for its Bitcoin mining operations, has announced a major shift in focus. The company is launching a $1 billion initiative to support ethical emerging technologies. With this new direction, Bitfury plans to act as an investment firm, funding ventures that prioritize human progress, ethics, and transparency in their technological development.

Val Vavilov, the CEO and co-founder of Bitfury, explained the firm’s new mission: “We aim to unite mission-driven investors and founders to build technologies that make people more independent, creative, and free.” This move positions Bitfury not only as a technology provider but also as a global catalyst for responsible innovation, ensuring the digital economy develops with long-term integrity and sustainability.

Bridging the Gap Between Innovation and Ethics

Bitfury’s new initiative addresses a crucial gap it sees in the tech industry: the accelerating pace of technological innovation versus the slower evolution of ethical frameworks. This disconnect, according to Bitfury, has been a root cause of many of the world’s challenges, from data security concerns to the misuse of emerging technologies.

To combat this, Bitfury is committing to fund companies that not only innovate but also embed ethics and human values in the core of their operations. The $1 billion fund will target startups and ventures developing technologies in fields like AI, blockchain, and energy-efficient computing.

By supporting these mission-driven founders, Bitfury seeks to help ensure that technological advancements are used responsibly and with long-term benefits for society.

Bitfury’s Legacy and Track Record in Tech Innovation

Founded in 2011 as a Bitcoin miner, Bitfury has built a strong legacy in the tech world. Over the years, it has incubated several successful companies, including NASDAQ-listed Cipher Mining and AI-hardware company Axelera AI. The company also created LiquidStack, a pioneer in immersion-cooling technology, which is critical for ultra-high-density computing used in AI applications.

Beyond its technological ventures, Bitfury has played a major role in the blockchain space through its Crystal Intelligence platform, which focuses on crypto compliance.

The company was also a founding member of the Blockchain Alliance, a public-private partnership designed to combat criminal activity within the cryptocurrency space. Bitfury’s track record in both innovation and responsible use of technology lays a solid foundation for its new $1 billion initiative.

Deploying Funds for Ethical Innovation Starting in Q4 2025

Bitfury has already secured the $1 billion required for this new initiative, with the funding coming from its past operations and a network of investors. The company plans to start deploying the funds as early as Q4 2025.

This initiative will focus on backing tech founders who align cutting-edge innovations with ethical principles, creating a positive, lasting impact on the future of technology.

George Kikvadze, Vice Chairman of Bitfury, stated, “Our mission is to support science-driven ventures that advance humanity while ensuring innovation serves the common good.” This initiative represents a critical step toward aligning technological growth with ethical guardrails, helping to shape a future where technology benefits everyone, not just a select few.

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