Bitfury Shifts Focus, Investing $1 Billion in AI Startups

Bitfury, the company behind early Bitcoin mining ventures, is transitioning from traditional mining to become a major investor in emerging technologies like artificial intelligence (AI). This strategic shift involves allocating up to $1 billion for support of AI and crypto startups, signaling a move away from the economic pressures facing the industry. Bitfury aims to leverage this investment opportunity to explore new frontiers in fields like AI and crypto technologies by collaborating with leaders within these sectors.