PANews reported on November 18th that, according to Fortune magazine, Bitcoin mining company Bitfury announced a $1 billion investment plan on Tuesday to support mission-driven entrepreneurs. The company plans to invest $200 million next year, with the remaining funds to be invested gradually over the next few years. Bitfury stated that a specific list of investee companies has not yet been determined. However, the company plans to invest in ethical companies working in areas such as artificial intelligence, quantum computing, and transparent decentralized systems. In addition, the company also plans to invest in the field of sovereign identity.

Bitfury derives most of its revenue from its cryptocurrency mining business, which includes two subsidiaries spun off from its parent company and listed on Nasdaq. Cipher Mining (CIFR) operates in the United States and has a market capitalization of approximately $5.5 billion; Hut8 (HUT) originated in Canada and has a market capitalization of approximately $4 billion. In addition, Bitfury has founded and co-founded two companies that provide AI infrastructure: LiquidStack and Axelera AI.