The world’s largest full-service blockchain technology company- Bitfury Group is soon going to wear many feathers in its hat. The company is actively looking to venture into the data mining sector as well as the crypto mining sector.
Yesterday, in an interview, the CEO and the co-founder of the blockchain company- Valery Vavilov revealed that the company has launched an artificial intelligence (AI) backed division. This step has been taken in order to effectively handle the humongous amount of world data and also to effectively give it proper direction and value. As per Valery Vavilov, the huge amount of un-analyzed data is like the undiscovered treasure that needs exploration. As per him, 98 percent of data is undiscovered. He then mentioned that in order to analyze this amount of data, blockchain technology will be highly useful. He further added-
We also need to trust that data so that is where blockchain comes in.
The company covers a good range of services based on blockchain. Some of them include- creating crypto mining hardware, computer for the same, supporting crypto mining centers, and so on. Last year in the month of October, the company was looking into holding an IPO (initial public offering) through stock exchange listing in Amsterdam, London or Hong Kong, as per sources. Also in the same year, the company closed an 80 million U.S. Dollar funding which was led by Korelya Capital. Market analysts and experts alike think that the company has a very potent and has the capacity to touch the value of 3 to 5 billion U.S. Dollars, the moment it gets public. This is anticipated in a coming couple of years.