Bitfury has launched a $1 billion fund aimed at investing in ethical technology and artificial intelligence. This initiative marks a significant shift for the company, which has primarily focused on Bitcoin mining since its establishment in 2011. The fund is intended to support startups that prioritize ethical practices in AI and cryptocurrency.

Bitfury, a Bitcoin mining company established in 2011, has announced a strategic shift towards technology investment, launching a $1 billion fund focused on ethical artificial intelligence and cryptocurrency startups. This pivot marks a significant change after 14 years in the Bitcoin mining sector, reflecting the company's adaptation to evolving market dynamics and the growing importance of ethical technology in the investment landscape.

Bitfury has announced a $1 billion initiative aimed at funding ethical artificial intelligence, quantum computing, and digital identity solutions that extend beyond blockchain technology. This initiative is part of Bitfury's commitment to advancing technology in a responsible manner, focusing on ethical considerations in the development and deployment of these technologies. The announcement highlights Bitfury's strategic direction in the rapidly evolving tech landscape, emphasizing its role in fostering innovation while adhering to ethical standards.