Hong Kong FINTECH Fintech company Credit China Holdings invested $30 million in a company with Ukrainian roots BitFury, which is engaged in production of equipment for mining cryptocurrency, reports AIN.
Under the deal, the parties agreed to establish a joint venture, which will sell in China mining hardware developed in BitFury.
Company BitFury was founded in 2011 by Valery Vavilov from Latvia and Heavenly Valery from Ukraine. It manufactures equipment for the mining of cryptocurrencies, including bitcoin, and the blockchain provides systems computing power in their data centers. Today BitFury is one of the largest infrastructure and processing companies in this particular market. The company has offices in San Francisco, Washington, Amsterdam, London, Hong Kong, and servers are located in Georgia and Iceland.
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Earlier in 2014, BitFury raised $20 million investment from several investors, in particular, bill Tai, Lars Rasmussen, Bob Dykes and the Georgian Foundation for Georgian Co-Investment Fund (GCF). And in 2015-m BitFury investor became iTech Capital. For all time BitFury has raised $90 million Among investors DRW also includes Venture Capital, Binary Financial, Blockchain Capital, ZAD Investment and others.