After 14 years in Bitcoin mining, one of the oldest and most influential companies in the industry — #Bitfury — announced a sharp strategic turnaround.
Instead of increasing its hash rate, the company is launching an investment tech fund worth $1,000,000,000. Its focus is on artificial intelligence, quantum computing, cryptography, and infrastructure startups.
What happened
Bitfury has been operating since 2011 and was considered the 'old-school' flagship of the Proof-of-Work era.
The company is now gradually exiting classic mining, reducing expansion into farms, and shifting capital to new technological markets.
Why this step is important
1. This is a signal for the industry: even the largest 'paw veterans' are switching from mining to #AI and quantum technologies.
2. Mining has ceased to be the most profitable direction — competition, energy, and geopolitics have changed the economics of extraction.
3. AI and cryptographic infrastructure are becoming a new battleground where Bitfury wants to take a leadership position.
Where $1 billion will go
AI models and computational infrastructure
Quantum-resistant cryptographic solutions
Tools for the corporate blockchain sector
Startups at the intersection of #ZK technologies, security, and Big Data
What does this mean for the market
Bitfury shows a trend that is becoming mainstream:
Major PoW players are transitioning from mining to high-tech investment platforms.
The future of capital is shifting towards AI, ZK privacy, quantum developments, and new blockchain architectures.
It is here that the next wave of multi-billion dollar markets is now forming.
