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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 represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.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 could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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