HomeNetherland-StartupsAmsterdam-based blockchain unicorn Bitfury launches new AI division

Amsterdam-based blockchain unicorn Bitfury launches new AI division

Amsterdam-based unicorn Bitfury Group develops blockchain solutions for businesses, governments, organizations, and individuals. Founded in 2011, Bitfury offers solutions from asset management to datacentre cooling, blockchain security, bitcoin mining, and cryptocurrency compliance.

Bitfury has now announced the launch of its artificial intelligence division, which will operate alongside Bitfury’s blockchain services portfolio and build on several years of research and development by the company’s engineering team.

The new AI division will use the company’s existing hardware and software technologies to build integrated product solutions at the edge, as well as cloud-to-edge enterprise solutions for corporations and governments.

Bitfury’s first AI products will be announced later this year.

“Just as blockchain technology enables us all to fix our most broken and distrusted systems, artificial intelligence will bring new and extraordinary benefits to nearly every facet of our lives,” said Valery Vavilov, CEO and co-founder of Bitfury. “To help this incredible technology achieve maximum impact, Bitfury is expanding our mission to offer hardware and software solutions designed especially for AI applications.”

Bitfury has appointed veteran technologist Fabrizio Del Maffeo to lead the AI division, who was formerly the Vice President and Managing Director of AAEON Technology Europe, which is the AI and IoT computing company within the ASUS Group.

Del Maffeo said he joined Bitfury because he believes the company’s successes in blockchain and HPC confirms its strong commitment to increasing market access to emerging technologies. “I look forward to leading Bitfury’s AI team and to launching products that make it easier, safer and more cost-efficient for businesses to adopt artificial intelligence at scale,” he said.

“Bitfury has been at the forefront of technological invention since our founding in 2011. Our focus on artificial intelligence is a logical expansion of that work,” said George Kikvadze, Executive Vice Chairman of Bitfury. “Our years of expertise building industry-leading hardware and software solutions for the blockchain industry equip us with the world-class expertise needed to build hardware and software solutions for our increasingly AI-assisted world.”

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Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

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