In accordance with Forklog, mining company Bitfury announced plans to invest $1 billion in ethical companies operating in AI, quantum computing, and decentralized systems. The company will allocate $200 million in 2026, with the remainder to be distributed over the following years. Bitfury, founded in 2011, has since split its operations into mining and artificial intelligence. Two of its mining subsidiaries, Cipher Mining (CIFR) and Hut8 (HUT), are listed on Nasdaq with a combined valuation of over $9 billion. The company has not yet finalized the list of target firms for investment, which must operate in AI, quantum computing, and transparent decentralized systems. Bitfury’s executive vice chairman, Giorgi Kikvadze, stated the company aims to support other mission-driven entrepreneurs to improve the planet. Co-founder Valery Vavilov emphasized the growing synergy between AI and decentralized systems.
Bitfury to Invest $1 Billion in Ethical AI and Quantum Computing Firms
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