The initiative positions Bitfury alongside tech giants in exploring blockchain and AI synergies, amid a global regulatory landscape that is evolving.

The fund plans to invest $200 million in its first year, with the remainder deployed over subsequent years, though a full portfolio list has not yet been disclosed.

Initial deployment is slated to begin this year, drawing on Bitfury’s prior operations, investments, and network of supporters.

Priorities for investment include artificial intelligence, quantum computing, transparent decentralized systems, and self-sovereign identity solutions.

Bitfury’s AI infrastructure footprint includes LiquidStack and Axelera AI, highlighting a breadth of data-center cooling and AI software/hardware development activity.

Leaders articulate a mission to align technology with human progress and ethics, uniting mission-driven investors and founders to scale technologies that advance humanity.

The company’s leadership emphasizes applying crypto and AI know-how to solve issues like self-sovereign identity amid rising AI ubiquity.

Buckminster Fuller-inspired thinking is invoked to illustrate building new models that replace outdated systems.

Projects funded will align with ethical technology principles and the advancement of digital identity capabilities.

Bitfury’s new chapter builds on its ecosystem approach to blockchain and AI, referencing ventures like Cipher Mining, Hut 8, LiquidStack, and Axelera AI.

The leadership frames the effort as a continuation of Bitfury’s legacy of trust, accountability, and constructive partnerships to foster resilient, ethical tech globally.

The program aims to narrow the gap between rapid tech progress and ethical development by backing mission-driven founders who prioritize transparency and human values.

Bitfury, best known for its Bitcoin mining, unveils a $1 billion investment initiative to fund mission-driven founders in ethical tech, AI, quantum computing, and transparent decentralized systems, signaling a strategic pivot beyond its early crypto focus.

The move reframes Bitfury’s mission as building ethical, transparent, and future-focused tech ecosystems, leveraging its crypto and AI experience to support responsible innovation.

Vavilov stresses long-term thinking in foundational tech, such as self-sovereign identity, to address future challenges in distinguishing real from fake digital entities.

A forward-looking philosophy guides the fund, drawing on long-term thinking and the convergence of AI with decentralized tech as guiding principles.

The program places emphasis on self-sovereign identity and data control as AI avatars and digital trust become more prevalent.

Industry partners and advisors, including longtime ally Jason Weinstein, back the effort as a model for responsible innovation and public-private collaboration.

Executives George Kikvadze and Val Vavilov frame the initiative as using existing winnings from Bitcoin ventures to back the next generation of innovators.