BitFury Group & Georgian Co-Investment Fund Raise Over $64,000 in Bitcoins During the Fundraising Campaign Aimed to Help the ...
July 14 2015 - 1:49PM
Business Wire
The funds raised as a result of the global bitcoin fundraising
campaign have been donated to the Tbilisi City Hall, Tbilisi Zoo,
and Tamaz Elizbarashvili’s Dog Shelter.
In addition to the money already donated by the Georgian
Co-Investment Fund (“GCF”) and BitFury Group, the companies
partnered with “Georgia Technology Park” LLC to support the great
cause and set up a special Bitcoin wallet which enabled people
around the globe to make donations in bitcoin.
The donation process has been fully transparent thanks to the
use of Blockchain technology. Approximately 230 transactions have
taken place with total value of over $64,000.
BitFury Group has appointed its Georgian subsidiary “Georgia
Technology Park” LLC to transfer GEL 100,000 to Tbilisi City Hall’s
dedicated account to help Tbilisi flood victims, GEL 30,000 to
Tbilisi Zoo to support the reconstruction and repairing works and
GEL 14,370 to Tamaz Elizbarashvili’s Dog Shelter to assist with its
rebuilding process.
Valery Vavilov, BitFury CEO, commented: “BitFury Group has been
active in Georgia since 2014. Our first project, implemented in
partnership with Georgian Co-Investment Fund, turned out to be very
successful and gave more confidence to expand our business there.
This summer we started our second project in Georgia, which
envisages the development of the modern ‘Technology Park’. We are
proud that the bitcoin community has once again demonstrated its
generosity and support by actively participating in the global
fundraising campaign we’ve initiated together with GCF. I would
like to take this opportunity to thank everyone who has made a
donation no matter how big or small their contribution was.”
The CEO of Georgian Co-Investment Fund, George Bachiashvili
said: “Tbilisi is still recovering from the disastrous flooding,
which led to the tragic loss of lives, displacement of families
from their homes, caused deaths of hundreds of local Zoo animals
and destroyed Tamaz Elizbarashvili’s Dog Shelter. We are very
grateful to those who donated to this great cause and helped in
disaster relief efforts.”
About BitFury Group:
BitFury Group is the leading Bitcoin Blockchain infrastructure
provider and transaction processing company. Founded in 2011 by
Valery Vavilov and Valery Nebesny, BitFury has management offices
in San Francisco, Washington, D.C. and Amsterdam, as well as
data-centers in Iceland and the Republic of Georgia. BitFury
derives sustainable advantage through its custom-made
application-specific integrated circuits (ASICs), optimized to
achieve the lowest power consumption coupled with the highest
processing metrics – the parameters that drive mining margins.
BitFury has an impressive track record, having successfully
delivered several prior generations of silicon and has a roadmap to
at least double performance-per-watt every 6-12 months. BitFury’s
management team and board include seasoned industry veterans with a
history of successful execution in silicon engineering, operational
build-up and capitalizing businesses.
For more information on BitFury Group, please visit:
http://www.bitfury.com/Follow BitFury Group on Twitter:
https://twitter.com/BitFuryGroupLike BitFury Group on Facebook:
https://www.facebook.com/BitFuryConnect with BitFury Group on
LinkedIn: https://www.linkedin.com/company/bitfury
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version on businesswire.com: http://www.businesswire.com/news/home/20150714006463/en/
BitFury GroupJanna Stepanova,
1-415-961-0123janna.stepanova@bitfury.com