Bitcoin mining firm Bitfury has announced a $1 billion investment initiative targeting ethical technology sectors, including artificial intelligence and quantum computing. The plan, revealed on November 18, aims to support mission-driven founders with a focus on transparent decentralized systems and self-sovereign identity technology, which enhances user data control through cryptography. Co-founder and CEO Val Vavilov, along with Executive Vice Chairman George Kikvadze, outlined that $2 billion will be invested next year, with the remainder allocated over subsequent years. Bitfury, established in 2011, owns Nasdaq-listed companies Cipher Mining and Hut8, boasting a combined market cap of over $9 billion, and has founded firms like LiquidStack and Axelera AI.