According to *Fortune*, Bitcoin mining company Bitfury has announced the launch of a $1 billion "Ethical Technology and AI" investment initiative. The company plans to allocate $200 million over the next year, with the remainder to be deployed over the coming years. Val Vavilov, Bitfury's co-founder, stated that AI and decentralized technologies are rapidly converging, and the company intends to leverage the capital it has accumulated in Bitcoin mining and infrastructure to support "mission-driven entrepreneurs." Bitfury’s investment focus includes AI, quantum computing, transparent decentralized systems, and self-sovereign identity (SSI), which are considered critical infrastructure for addressing challenges in the era of indistinguishable real and synthetic AI outputs. Bitfury has spun off its mining business to incubate companies like Cipher Mining (market cap: $5.5 billion) and Hut 8 (market cap: $4 billion), and has also established two AI infrastructure firms, LiquidStack and Axelera AI. [https://t.co/uYjl5qMwaa](https://t.co/uYjl5qMwaa)
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