SYS-CON MEDIA Authors: Elizabeth White, Pat Romanski, Esmeralda Swartz, Liz McMillan, AppDynamics Blog

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BitFury Announces Hosted Mining Services

BitFury Group, the leading Bitcoin infrastructure provider, today announced it is making hosted mining services available to all business customers.

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 from 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 energy sources.”

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 presence!"

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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