BitFury Raises $20 Million to Power New ASIC Chips, Increase Bitcoin Mining Output

By October 10, 2014Bitcoin Business

BitFury has raised $20m in additional funding to complete development of its 28nm ASIC chip capable of achieving energy efficiency of 0.2 joules-per-gigahash (J/GH) and first announced in September.

The news marks the second time this year BitFury has raised $20m in new financing, following its initial Series A in May . The funding was largely contributed by existing investors including venture capitalist Bill Tai , current BitFury board member and former VeriFone CFO Bob […]

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