/Investor DB

Bitfury

Corporate VCoperating company · company profile

Seed · 13 people tracked

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Investment thesis

Bitfury invests at the intersection of science, technology, and meaning, backing breakthroughs that strengthen human autonomy, resilience, and creativity. Its focus areas span Web3 and digital assets, high-performance computing, artificial intelligence, and hardware, reflecting its roots in blockchain infrastructure and bitcoin mining. The portfolio includes data center operators, AI chip makers, cooling innovators, blockchain analytics platforms, crypto custody and wallet providers, and decentralized compute networks.

Source: firm website, verified Oct 5, 2026.

Stage
Seed
Instruments
Equity
Last 12 months
1 investment
Tracked investments
14
Unicorns
1
IPOs
2

Team · 13 people

from the firm's website
Val Vavilov· CEO, Co-founder, Chairman
George Kikvadze· Executive Vice Chairman
Marat Kichikov· Managing Partner, Investments and New Opportunities
Alexey Deyneko· Head of Bitfury Mining Solutions
Bertrand des Pallieres· Board of Directors
Bill Tai· Advisory Board

Noted individual investor and entrepreneur.

Brian Forde· Advisory Board

MIT senior lecturer and former senior advisor at the White House.

Brian P. Brooks· Board of Directors
Jackson Hu· Advisory Board

Advisor to high-tech start-ups, venture partner and semiconductor industry leader.

Jason Weinstein· Advisory Board

Former senior U.S. Justice Department official responsible for cybercrime enforcement.

Stijn Ehren· Tax Director
Vadim Krutov· Group COO
Young K. Sohn· Advisory Board

Former president and chief strategy officer of Samsung Electronics and chairman of HARMAN's board.

What they invest in

from 13 of 14 portfolio companies

Crypto & Web3 ×11Data & Infrastructure ×5Fintech ×5Cybersecurity ×4AI & Machine Learning ×2Cloud Computing ×2Energy ×2Enterprise Software ×2

HQs:United States×3Canada×1Netherlands×1

Investments · 14 tracked

founders shown can be your intro path

By year:2026 · 12014 · 12 dated

BitGobitgo.comin𝕏NYSE: BTGO

BitGo provides institutional-grade infrastructure for digital assets, including regulated custody, wallet services, prime brokerage (trading, financing, settlement), stablecoin issuance, and embedded crypto-as-a-service.

Crypto & Web3Enterprise SoftwareFintechPalo Alto, US

Michael Belshe(Chief Executive Officer, Chief Technology Officer, President, and Director)Chen Fang(Executive Officer, Director)Krishna Juvvadi(Executive Officer)inEdward Reginelli(Chief Financial Officer)Jody Mettler(Chief Operating Officer)Jeff Horowitz(Chief Compliance Officer)

Co-investorsArkStream CapitalBlockchain CapitalBlockchain CoinvestorsCraft VenturesCyber CapitalDigital Currency Group+20 more

Hut 8hut8.ioin𝕏NASDAQ: HUT

Hut 8 provides secure Canadian cloud, colocation, backup, and disaster recovery services for businesses with data residency, compliance, and uptime requirements.

Cloud ComputingCrypto & Web3CybersecurityData & InfrastructureEnergy

Asher GenootinSean Glennan(Chief Financial Officer)inMichael Ho(Chief Strategy Officer & Director)inVictor Semah(Chief Legal Officer & Corporate Secretary)

Co-investors25MadisonArchetypeCoatue ManagementFlucas VenturesOssian CapitalVisary Capital

Abraabra.comin𝕏

Abra provides a digital asset platform for private and institutional clients, offering services across decentralized finance, asset management, and credit with a focus on security and regulatory compliance.

Crypto & Web3FintechSaaS

Bill Barhydt(Founder & CEO)in

Co-investorsAccelerator VenturesAngel Collective Opportunity FundArbor VenturesBlockchain CapitalDigital Currency GroupFuture Perfect Ventures+14 more

Axelera AIaxelera.aiin𝕏Feb 2026

Axelera AI develops hardware and software platforms for artificial intelligence inference at the edge, including specialized processors and accelerators for edge computing, computer vision, natural language processing, and automotive applications.

AI & Machine LearningHardwareSemiconductorsEindhoven, NL

Fabrizio Del Maffeo(Founder)inEvangelos Eleftheriou(Founder)inBram-Ernst Verhoef(Founder)Ioannis Papistas(Founder)

Co-investorsInnovation IndustriesSamsung Catalyst FundVerve VenturesBlackRockEuropean Innovation Council FundInvest-NL+3 more

Bitpesabitpesa.co

Elizabeth Rossiello(Founder)

Co-investorsBlockchain CapitalPantera CapitalPlug and Play Ventures

Cipher Miningciphermining.com

Cipher develops and operates industrial-scale data centers built for high-performance computing (HPC) workloads, combining expertise in power sourcing, construction, engineering, operations, and real estate.

Cloud ComputingCrypto & Web3Data & Infrastructure

Crystalcrystalblockchain.com

Crystal Intelligence operates a blockchain intelligence platform that combines blockchain analytics, AI, and verified off-chain attribution to support crypto compliance, transaction monitoring, and investigations.

Crypto & Web3CybersecurityFintech

Gonkagonka.ai

Gonka is a decentralized protocol for AI inference and training, letting contributors build protocol, inference, or training features and earn rewards through a bounty program.

AI & Machine LearningCrypto & Web3Deep Tech

Hut8Mininghut8mining.com

Hut 8 acquires, develops, and operates energy assets, digital infrastructure, and compute facilities—including powered land, interconnects, substations, and specialized hardware—to support energy-intensive technologies.

Crypto & Web3Data & InfrastructureEnergy

Liquidstackliquidstack.com

LiquidStack develops liquid cooling systems, including Coolant Distribution Units, for AI data center and hyperscale infrastructure operators.

CleantechData & InfrastructureHardware

Longenesislongenesis.comin

Longenesis operates a platform for health and biomedical data management used to run research studies, including managing study participants across the Baltics and Mediterranean regions.

BiotechCrypto & Web3Digital HealthHealthtech

Co-investorsLongeVC

NuCypher (aka Threshold Network)threshold.networkin𝕏SeedDefunct

Threshold Network is a decentralized protocol that enables Bitcoin to be used across multiple blockchain networks and financial markets through its tBTC token, facilitating lending, staking, trading, and yield-generation activities.

Crypto & Web3Enterprise SoftwareFintechAustin, US

MacLane Wilkison(CEO)inMichael Egorov(CTO)John Pacific(Engineer)Ravital Solomon(Cryptographer)Arjun Hassard(Product Lead)

Co-investorsCathay CapitalCollab+CurrencyCompoundDigital Finance GroupFusionReciprocal Ventures+21 more

Shyft Networkshyft.networkin𝕏

Shyft Network provides a blockchain-based platform for secure data sharing and verification across digital networks.

Crypto & Web3CybersecurityData & Infrastructure

Co-investorsBloccelerate VCBlockwallDigital Finance GroupGeneral CatalystTokoin

Xapoxapo.comin𝕏Feb 2014

Xapo provides banking and wealth management services for Bitcoin holders, offering savings accounts with interest returns, lending against Bitcoin collateral, and custody solutions.

Crypto & Web3CybersecurityFintechGibraltar, US

Wenceslao 'Wences' Casares(Co-founder; current Chairman; former Chief Executive Officer)Federico Murrone(Founder)Wences Casares(Founder)Cynthia McAdam(Executive Officer)Seamus Rocca(Chief Executive Officer)inJoey Garcia(General Counsel / Top Lawyer)in

Co-investorsDigital Currency GroupEmergence Capital PartnersFortress Investment GroupGreylock PartnersJerry YangPantera Capital+3 more

Exits · 2

2 IPOs

BitGoNYSE: BTGOHut 8NASDAQ: HUT

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Bitfury made?
Bitfury has 14 tracked investments, 2 of which have exited, including 1 dated in the last 24 months.
What stage does Bitfury invest at?
Bitfury invests at the Seed stage.
What sectors does Bitfury focus on?
Bitfury focuses on AI & Machine Learning, Crypto & Web3, Deep Tech, Enterprise Software, Fintech, Hardware, Semiconductors.
Who does Bitfury co-invest with?
Bitfury most often shares deals with Pantera Capital, Blockchain Capital, Digital Currency Group, among 57 tracked co-investors.

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