BitFury secured another $20 million in funding, announced on the heels of a record setting 2014 for investments they received. The investors participating in this round included DRW Venture Capital, iTech Capital and Georgian Co-Investment Fund.
The funds will be used to support BitFury’s accelerating growth and its technology and business expansion. The aggressive build out shows the commitment BitFury has to Bitcoin and the technology that underlies it. BitFury has been on a tear this year, deploying their energy-efficient 28 nm chip ASIC miners, acquiring Allied Control an immersion cooling technology startup and announced plans to further expand in Republic of Georgia by building a Techno Park that will host its new 100 MW data center.