Aiming at expansion, the Bitfury Group, an Amsterdam-based full-service blockchain technology developer, has successfully garnered $80 million (€70 million approx.) in a funding round followed by acquiring minority stakes in Switzerland-based Final Frontier, which is a cryptocurrency and blockchain investment firm.
Funding, Final Frontier & Future
Successfully conducted by Korelya Capital, the fundraising episode has created waves in the sector. Bitfury aims to direct itself into adjacent market segments such as artificial intelligence (AI). Also, it plans to venture out in emerging technologies in order to boost its software and hardware equipment ensuring further expansion.