In a tilt released today yesteryear BitFury Group, the companionship announced that it had raised an additional $20 1 G k from investors including DRW Venture Capital, iTech Capital, together with Georgian Co-Investment Fund. The companionship expects to role the money to accelerate increment together with expire on prepare next-generation chips beyond the lately launched energy-efficient 28 nanometer chip.
There has been a pregnant total of venture money moving into mining together with infrastructure companies. With this $20 million, BitFury remains the close financed company, having raised ii other $20 1 G k rounds over the yesteryear iii years. This funding brings total funds to $60 million, which is $31 1 G k to a greater extent than than KncMiner. This brings total infrastructure investment to $116.5 million.
“By supporting BitFury’s efforts inwards this regard, together with yesteryear providing liquidity inwards bitcoin via its wholly owned subsidiary, Cumberland, DRW aims to facilitate the widespread adoption of the distributed ledger technology,” Don Wilson, founder of DRW Venture, said inwards a prepared statement.
BitFury is too expected to role this money to back upwards the build-out of a 100-megawatt information pump inwards the Republic of Georgia that the companionship volition deploy its 28 nanometer chip. In the side yesteryear side 6-12 months, it is too expected to whorl out its xvi nanometer ASIC chip, which the companionship suggests volition role solely 0.06 joules-per-gigahash.