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San Francisco-based blockchain hardware and software provider has raised $80m led by Korea's Naver Group, with participation from Galaxy Digital. The funding round valued the company at over $1bn and it may be mulling an IPO.
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“We see a lot of demand from companies and public institutions to put their services or products in the blockchain -- especially in emerging markets, where administrative systems can be very inefficient,” Bitfury Chief Executive Officer Valery Vavilov said in an interview. He declined to comment on the company’s valuation.
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