The Bitfury Group, an Amsterdam, The Netherlands-based full-service blockchain technology company, closed an $80m funding round.
The round was led by Korelya Capital, the European growth capital firm backed by Korean digital giant Naver Group, which was joined by global institutional and corporate investors such as Macquarie Capital and Dentsu Japan, European fund managers Jabre, Lian Group, Argenthal and Armat Group, insurance groups Foyer and MACSF, Galaxy Digital, and ITech Capital.
The company will use its funds to support its growth and expand in adjacent market segments such as AI.
Founded in 2011 by Valery Vavilov, CEO, Bitfury provides high performance computing technologies and processing capacities, as well as software solutions for governments and corporations to deploy real life blockchain business solutions.
The company currently employs 700 people in 15 countries across North America, EMEA and Asia, and operates 5 data centers located in Iceland, Canada, Georgia and Norway.
Bryan, Garnier & Co, the leading European growth focused investment bank acted as Sole Financial Advisor and Placement Agent for the Bitfury group.