Report: Bitfury Weighs Initial Public Offering

Crypto miner manufacturer Bitfury is considering holding an initial public offering (IPO) as one of a number of strategic options for raising funds, Bloomberg reported Thursday. Citing “people familiar with the matter,” the report says Bitfury is looking into listing in Amsterdam, London or Hong Kong, possibly as soon as 2019, though no final decisions […]

Continue Reading

Bitcoin Mining Giant Bitfury Trims Cooling Demands by 95% with ‘Magic’ Liquid

With cryptocurrency markets struggling, Bitfury Group has immersed its mining equipment in a non-conducive liquid to reduce costs at its 40-megawatt mining plant in Tbilisi, Georgia, as it races to mine the remaining 21 million mineable bitcoins. The company’s investment in cooling technology signals the extent cryptocurrency miners are going to chill their energy-intensive computers, […]

Continue Reading