Bitfury raises $80m funding round, Korelya Capital leads

Dutch Blockchain business BitFury has raised $80m in an investment round led by Korelya Capital.

The Naver Group-backed firm has been joined by Macquarie Capital, Dentsu Japan, Jabre, Lian Group, Argenthal, Armat Group, Foyer, MACSF, Galaxy Digital, and ITech Capital, among others.

Founded in 2011, Bitfury provides hardware, security services and software for blockchain technology. The company employees more than 700 people across 17 countries.

BitFury’s hardware products include mining chips, mining servers and immersion cooling technology; while its Exonum, Crystal and Lightning Peach software platforms provide a number of blockchain services.

Korelya Capital co-founder and managing partner Antoine Dresch said, “We are joining Bitfury as a lead investor at an incredibly exciting time for both the company and the blockchain ecosystem.

“Bitfury has grown from a small startup to the largest western blockchain unicorn, equipped with worldclass leadership and expertise, consistently delivering innovative solutions across the entire blockchain ecosystem.”

Bloomberg reported earlier this year that Bitfury is mulling over a potential IPO that could give the company a valuation of between $3bn and $5bn.

Back in 2014, the Bitcoin infrastructure provider raised a $20m funding round from venture and angel investors including Binary Financial and Crypto Currency Partners.

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