Bitfury Opens Itself Up to Accredited Investors

Bitfury, one of the largest industrial Bitcoin miners outside of China, is opening itself up to accredited investors, according to a report in Forbes.

The goal, of course, is to assure that these larger investors have a space to diversify their assets and get involved in the cryptocurrency space, according to a page on the group’s website.

As more big investors put money into Bitfury, the more they’ll be able to expand and provide a solid infrastructure for mining. According to the website, investor money will go toward energy sites in North America and Europe, alongside Central Asia, Norway, Iceland, and Canada.

An excerpt from the website reads:

“Through Bitfury’s institutional investor program, these groups can now invest in Bitfury’s top-tier data centers across North America and other regions through bespoke investment vehicles, including direct investment and indirect engagements such as through funds, private equity and other instruments. Bitfury will handle all operations and management including site sourcing, procurement of equipment, deployment of facilities, data center operations/maintenance and more.”

This expansion is necessary due to Bitcoin’s recent halving, which only serves to increase the difficulty of mining for all participants.