Bitfury

Bitfury Applies AI For Big Data Mining

Bitfury Applies AI For Big Data Mining

The Bitfury group which is into crypto mining and offers blockchain services has announced that they have launched an artificial intelligence (AI) which will be used to disintegrate the large amount. The companies CEO Valery Vavilov said “Data is the next oil, We also need to trust that data so that’s where blockchain comes in,” and added that Bitfury’s AI division is currently in research mode.

Kazakhstan will host Data center, & Blockchain projects Of Bitfury

Bitfury (a blockchain company) has announced its partnership with the Nur-Sultan based Astana International Financial Centre (AIFC) with vision to introduce blockchain technology to several strategically important sectors. AIFC Governor Kairat Kelimbetov said, “The partnership would help aid the development and understanding of blockchain tech in the region I am confident that the development of human capital will receive an additional inducement as well.”

Antoine Dresch in Bitfury’s advisory board

Antoine Dresch in Bitfury’s advisory board

A former member of the U.S. Securities and Exchange Commission (SEC), Antoine Dresch, with more than 20 years of experience in investment banking, would serve the advisory board of the Bitfury blockchain company. The CEO of the company, Valery Vavilov stated, “She will help guide and support Bitfury by offering her comprehensive knowledge on financial markets and regulation.”

Bitfury is eyeing on financing options

Bitfury is eyeing on financing options

The Bitfury Company is eyeing on conducting an initial public offering (IPO) as a strategic option for raising funds. The company is also eyeing on other financing options such as debt issuance or a stake sale. Sources revealed that the company would be valued between $3 and $5 billion when it becomes public within a couple of years.