Bitcoin Miner BitFury Secures $20M To Bolster Its Blockchain Infrastructure

In another sign that the Bitcoin and the Blockchain are becoming a platform for the long term, BitFury, the Bitcoin Blockchain infrastructure provider and transaction processing company, has secured $20 million in funding from investors including DRW Venture Capital, iTech Capital and the Georgian Co-Investment Fund.

Among other things, Bitfury offers the HexFury, a USB mining rig with six small semiconductors (ASICs). These mine bitcoin very efficiently.

The company recently rolled out its 28 nm chip and acquired Allied Control, an immersion cooling technology startup. It’s also building a ‘Techno Park’ to host its new 100 MW data center in the Republic of Georgia.

Founded in 2011, by Valery Vavilov and Valery Nebesny, BitFury has offices in San Francisco, Washington, D.C. and Amsterdam, as well as data-centers in Iceland and the Republic of Georgia.