Bitfury Ends Its Mining Era After 14 Years
Bitfury, one of the most influential early Bitcoin mining companies, has announced a major strategic shift: the company is exiting the mining business after 14 years of continuous operations. Founded in 2011, Bitfury grew into one of the most recognized names in the Bitcoin mining ecosystem, helping secure the network during its early and most vulnerable stages.
Now the company is turning its attention to a different frontier.
A New $1 Billion Technology Fund
Bitfury is launching a massive $1,000,000,000 investment fund aimed at accelerating innovation in artificial intelligence, quantum technologies and next-generation crypto startups. This marks a dramatic pivot from hardware-heavy mining operations to high-impact technological development.
The fund will focus on:
• AI infrastructure and advanced machine learning
• Quantum computing technologies
• Early-stage blockchain and cryptocurrency companies
• Tools for digital identity, security and data processing
The goal is to back technologies that will define the next 10–20 years of global digital transformation.
Why Bitfury Is Leaving Mining Behind
Bitfury’s decision reflects broader shifts in the mining industry. Competition has intensified, profitability has tightened, and large industrial miners now dominate the landscape. At the same time, new frontiers in AI and quantum computing offer massive growth potential.
Instead of competing in a squeezed mining market, Bitfury is opting to leverage its expertise, capital and infrastructure to become a leading investor in emerging technologies.
A New Chapter for a Bitcoin Pioneer
While Bitfury may be stepping away from mining, its legacy in the Bitcoin ecosystem remains foundational. From hardware design to global mining operations, the company played a key role in the early expansion of decentralized infrastructure.
Now it seeks to shape the future of digital innovation as an investor rather than a miner.
