Bitfury Invests $1 Billion in AI and Ethical Tech, Shifts Focus from Mining

Bitfury has announced a major strategic shift, dedicating $1 billion to AI and ethical technology development. This investment will be used to support mission-driven entrepreneurs globally through projects focused on AI, quantum computing, and self-sovereign identity systems. The initiative, fueled by Bitfury’s Bitcoin mining profits, aims to bridge the gap between AI and decentralized technologies. With $200 million allocated in the first year, this shift represents a notable departure from their traditional mining operations.