Bitfury has unveiled a $1 billion initiative that marks its formal transition from technology incubator to investment firm focused on ethical emerging technologies. Announced in London on November 18, 2025, the program is designed to back founders who embed transparency, responsibility, and human values into their products from day one. The company plans to begin deploying capital as early as the fourth quarter of 2025, positioning itself as a long-term catalyst for responsible innovation.
Bitfury's New Investment Strategy
The new strategy is built around a core belief that technological advancement has outpaced the development of ethical frameworks, contributing to a range of modern risks and social tensions. Bitfury aims to close this gap by channeling significant capital into science-driven ventures that prioritize integrity, resilience, and positive societal impact. Through this initiative, the firm intends to unite mission-driven founders and investors who are committed to aligning innovation with values rather than short-term speculation.
Legacy in Blockchain and Advanced Computing
Founded in 2011 as a bitcoin miner, Bitfury has evolved over the past decade and a half into one of the prominent technology companies to emerge from the blockchain era. The firm has incubated several notable ventures, including NASDAQ-listed Cipher Mining in the United States and Hut 8 in Canada, both of which originated as Bitfury mining operations. It also established LiquidStack, an immersion-cooling specialist built for the high-density computing demands of artificial intelligence, and co-founded Axelera AI, a European player in AI chips and hardware design, creating a portfolio that underpins energy-efficient digital infrastructure.
Building an Ethical Framework for Emerging Technologies
Bitfury’s track record also extends into compliance, policy, and ecosystem building, reflecting its focus on trust and accountability in digital assets. The company launched Crystal Intelligence, a crypto-compliance platform that supports regulators and institutions in monitoring blockchain transactions, and helped found the Blockchain Alliance, a public-private partnership assisting law enforcement in combating illicit activity involving crypto. In addition, Bitfury created the Global Blockchain Business Council to foster dialogue, education, and collaboration among governments, enterprises, and innovators seeking to advance responsible blockchain adoption.
Capital Deployment and Investor Network
Co-founder and CEO Val Vavilov frames the new initiative as a continuation of his long-standing effort to build systems that empower people and reinforce trust in digital infrastructure. He describes the program as a vehicle to support entrepreneurs who want to make individuals more independent, creative, and free by ensuring that ethics and human dignity sit at the center of technological design. Vice Chairman George Kikvadze emphasizes that the firm’s experience in incubating and scaling technology leaders will now be directed toward a new generation of science-based ventures, supported by a network of investors who bring not only capital but also expertise and purpose.
Bitfury has already secured the full $1 billion for the initiative, drawing on proceeds from its prior operations, successful exits, and an existing investor network. Advisors such as Jason Weinstein of the Blockchain Alliance argue that Bitfury’s move into values-aligned investing reflects the kind of leadership needed to rebuild public trust in emerging technologies. As the company begins to deploy capital from late 2025, it is positioning itself not only as a veteran of the blockchain era but also as a global investment platform dedicated to ensuring that the next wave of innovation is both technologically advanced and ethically grounded.