Bitfury Fund I | 2014 VC Fund

Bitfury

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Status

ACTIVE

Global HQ

Amsterdam, Netherlands

Countries of investment

Georgia
Iceland
Canada
Norway
Kazakhstan
United States

Investment stages

Growth

Industries

AI
Blockchain
Cloud Computing
Data Science
Digital Health
Energy
HPC
Technology

About
Bitfury allocates capital to global AI compute, blockchain infrastructure, and digital asset ecosystems, focusing on markets that support energy-efficient high-density data operations. The firm partners with governments, hyperscalers, and institutional investors to build mission-critical infrastructure across the United States, Europe, and emerging technology hubs. Its strategy emphasizes sovereign-grade reliability, scalable power availability, and the convergence of AI, cloud, and secure distributed systems.

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Investment Thesis

Bitfury invests in large-scale digital infrastructure powering the next generation of AI and high-performance computing. The firm targets hyperscale data centers, energy-intensive compute clusters, blockchain infrastructure, and sovereign-grade digital systems in geographies where regulatory alignment and energy economics enable long-term value creation.

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Manager's Experience

The leadership team brings decades of experience in high-performance computing, blockchain infrastructure, and large-scale digital systems. Its executives have led global engineering, cryptography, and energy-management projects across the US, Europe, and Asia, leveraging deep technical and operational expertise in data centers, sovereign digital infrastructure, and enterprise-grade compute networks.

Bitfury Contacts Information

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Team

Val Vavilov – CEO

Co-founder

Chairman; Brian P. Brooks – Board Member; George Kikvadze – Board Member / Executive Vice Chairman; Bertrand des Pallieres – Board Member; Bill Tai – Advisory Board Member; Brian Forde – Advisory Board Member; Jason Weinstein – Advisory Board Member; Young K. Sohn – Advisory Board Member; Dr. Jackson Hu – Advisory Board Member; Marat Kichikov – Investment Director; Vadim Krutov – Group COO; Stijn Ehren – Tax Director; Alexey Deyneko – Head of Bitfury Mining Solutions