Core Insights - Bitfury, co-founded by Val Vavilov in 2011, has evolved from a Bitcoin mining company to a significant player with a combined worth of over $9 billion through its Nasdaq-listed spin-offs and AI infrastructure ventures [1][7] - The company has announced a $1 billion investment initiative aimed at supporting mission-driven founders, with plans to allocate $200 million in the next year and the remainder over the following years [2] - Bitfury intends to invest in ethical technology companies, focusing on areas such as AI, quantum computing, and decentralized systems, although it has not yet specified the exact companies for investment [4] Investment Focus - The investment strategy includes a focus on self-sovereign identity technology, which allows individuals to control their own data through cryptography, highlighting its future importance as AI avatars become more prevalent [5] - Bitfury's executive team emphasizes the need for long-term vision in technology investments, referencing the importance of building new models to replace outdated systems [6] Financial Performance - The majority of Bitfury's revenue has been generated from its mining operations, which include two Nasdaq-listed companies: Cipher Mining, valued at approximately $5.5 billion, and Hut8, with a market cap of around $4 billion [7]