Bitfury plans public listing, reports say
The Bitfury Group, a leading technology-solutions provider, plans to go public, according to The Telegraph.
According to the publication, the company has consulted Deloitte, the auditing firm. The listing could take place within the next year.
A valuation of “several billion pounds,” according to the press, would make Bitfury the largest cryptocurrency firm in Europe.
Executive director Vadim Krutov of Bitfury Group, in a comment to ForkLog, clarified that the most recent financing round of $80 million closed in 2018, when the company was valued at $1 billion.
“Bitfury will consider the possibility of an IPO among opportunities to support the group’s further growth,” he said.
However Krutov added that the timing and venue for the listing remain undecided.
In 2020, Bitfury Holding BV’s subsidiary and state-owned Energoatom signed a memorandum for the construction of data centres on the territory of Ukraine’s nuclear power plants.
Later it became known that the facility would be built in the city of Varash, where the Rivne Nuclear Power Plant is located. Its capacity would be 250 MW, with potential expansion to 500 MW.
In March 2021, Cipher Mining Technologies Inc, a US subsidiary of Bitfury Top HoldCo BV, agreed to merge with Nasdaq-listed Good Works Acquisition Corp.
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