|[July 30, 2014]
BitFury Announces Hosted Mining Services
SAN FRANCISCO & AMSTERDAM --(Business Wire)--
BitFury Group, the leading Bitcoin infrastructure provider, today
announced it is making hosted mining services available to all business
BitFury has built its reputation as the world's market leader of
custom-made semiconductors for Bitcoin and cryptocurrency mining, with
its unbeatable 55nm chip. In addition to specializing in hardware,
BitFury is also one of the world's largest mining companies. It has
established itself as the leader in constructing and managing computing
centers for mining operations, with computing centers that are specially
designed and constructed for mining. These centers are managed 24/7 by
top-class engineers and are located in strategic international locations
close to cheap energy sources. BitFury was able to construct its new
20MW data center in Republic of Georgia in a record time of just 30 days.
Mining Bitcoin and other cryptocurrencies has become increasingly
difficult and requires access to cheap energy and efficient operations.
BitFury enables customers to get optimal and reliable hashing power
output at the lowest prices to maximize the return on their mining
investments by combining the best mining hardware rom world-class
operations with low energy rates. DigitalBTC and CryptX are pioneer
clients using these managed mining services that BitFury will now offer
to all customers.
Valery Vavilov, CEO of BitFury: "We are a trusted partner to our
customers and are always looking for ways to help increase their mining
profitability. Mining has become more than just hardware, and we are
excited to offer managed services to enable customers to benefit from
our specially designed data centers and cheap energy prices from clean
Bert Valkenborgs, CEO of CryptX: "Professional hosted mining
operations are the future of this market. CryptX operates in this space
and has chosen BitFury's hosted mining services for its project
'PetaMine.' We have worked together with BitFury on several occasions
and we are very pleased with this business relationship."
Zhenya Tsvetnenko, Executive Chairman of DigitalBTC: "We've found
the BitFury Group to be an invaluable partner as we have built up
DigitalBTC into a significant Bitcoin miner and the world's first listed
Bitcoin company alongside our other Bitcoin operations. We've trusted
the BitFury Group to help us support and manage millions of dollars in
capital investment, and they have more than repaid that trust with
world-class technicians and support, coupled with an expanding global
About BitFury Group
BitFury is one of the oldest and largest Bitcoin miners in the world.
Some 40 percent of all Bitcoins are mined using BitFury chips. The
company was founded in 2011 and currently has over 40 employees working
at offices in San Francisco and Amsterdam, as well as data centers in
Finland, Iceland and Republic of Georgia. BitFury derives sustainable
advantage through its custom-made ASIC chips optimized to achieve the
lowest power consumption coupled with the highest processing metrics -
the parameters that drive mining margins.
BitFury has an impressive track record, having successfully delivered
three prior generations of silicon and has a roadmap to at least double
performance-per-watt every six months. BitFury's management team and
board include seasoned industry veterans with a history of execution in
silicon engineering, operational build-up and capital raising.
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