Business Wire

Bryan, Garnier & Co Leads a $80 Million Private Placement for European Blockchain Unicorn Bitfury

Jaa

The Bitfury Group, the world’s leading full-service blockchain technology company, has closed a $80 million USD Private Placement with global institutional and corporate investors.

Since 2011, Bitfury has been at the forefront of the blockchain revolution, providing high performance computing technologies and processing capacities, as well as some of the most advanced software solutions for governments and corporations to deploy real life blockchain business solutions. Bitfury employs 700 people in 15 countries across North America, EMEA and Asia, and operates 5 data centers located in Iceland, Canada, Georgia and Norway. Bitfury leveraged on a strong momentum characterized by a triple digit growth and more than half a billion dollars in revenues to expand its shareholder base. The company will use its funds to support its growth and build on its unique technology expertise to expand in adjacent market segments such as AI.

The Private Placement was led by Korelya Capital, the European growth capital firm backed by Korean digital giant Naver Group which was joined by global institutional and corporate investors such as Macquarie Capital and Dentsu Japan, European fund managers Jabre, Lian Group, Argenthal and Armat Group, insurance groups Foyer and MACSF, as well as Galaxy Digital, a specialized digital asset merchant bank led by Mike Novogratz. ITech Capital, a Europe-focused venture capital firm and historical investor in Bitfury, also took part in the placement. The company remains controlled by its management team.

Bryan, Garnier & Co, the leading European growth focused investment bank acted as Sole Financial Advisor and Placement Agent for the Bitfury group. “As the market is maturing, we are witnessing an acceleration in the adoption of blockchain technologies throughout the world, in all domains, at both corporate and governmental level”, states Greg Revenu, Managing Partner of Bryan, Garnier & Co. This transaction illustrates the global institutionalization of the industry. It also demonstrates the positioning of the company as the world leading B2B technology infrastructure provider, with a breadth of activities that enables the company to be seen as the proxy for a global Blockchain investment thesis.”

With a technology team of close to 90 professionals in Europe, Bryan Garnier & Co has focused on this disruptive industry segment since 2017, publishing on the Blockchain sector combining equity research and investment banking resources in semi-conductors, technology infrastructures, energy transition, payments, software, security, and artificial intelligence. Bryan, Garnier & Co leveraged this industry expertise, combined with a 20-year experience in leading late stage private growth capital rounds, to expand the shareholder base and position ideally the company for a new stage of development.

Valery Vavilov, Founder and CEO of the Bitfury Group comments: “Bryan, Garnier & Co did an outstanding job, demonstrating a deep understanding of Bitfury’s strategy and needs, with a strong control on the transaction process. Most important, they constantly provided us with sound advice and showed an indefectible commitment to the success of the transaction.

About The Bitfury Group (www.bitfury.com)

The Bitfury Group is the world’s leading full-service blockchain technology company. Bitfury is building solutions for the future, with the most significant technologies of the millennium. Our mission is to make the world more transparent and trusted by innovating at every level of technology – hardware, security, and software – to put trust back into the equation. Founded in 2011, Bitfury is the leading security and infrastructure provider for the Bitcoin Blockchain. In addition to securing the Bitcoin Blockchain, Bitfury also designs and produces innovative hardware that keeps blockchains secure, including custom semiconductor chips and mobile datacenters. Bitfury is also a software provider for the some of the world’s most cutting-edge applications through its private blockchain framework, Exonum, its advanced analytics platform Crystal Blockchain, and its specialized engineering team for the open-source Lightning Network, LightningPeach.

About Bryan, Garnier & Co (www.bryangarnier.com)

Bryan, Garnier & Co is a European, full service growth-focused independent investment banking partnership founded in 1996. The firm provides equity research, sales and trading, private and public capital raising as well as M&A services to growth companies and their investors. It focuses on key growth sectors of the economy including Technology, Healthcare, Consumer and Business Services. Bryan, Garnier & Co is a fully registered broker dealer authorized and regulated by the FCA in Europe and the FINRA in the U.S. Bryan, Garnier & Co is headquartered in London, with additional offices in Paris, Munich, Zurich and New York. The firm is a member of the London Stock Exchange and Euronext.

Contact information

Press:
Profile!
Margaux FRANTZ / Leslie BOUTIN-SOSSAH
+33 1 56 26 72 23 / +33 1 56 26 72 33
mfrantz@agence-profile.com / lboutin@agence-profile.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

H.I.G. Europe to Acquire Polyurethane Systems Business from Covestro17.6.2019 11:05:00 EESTTiedote

H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with over €26 billion of equity capital under management, is pleased to announce that an affiliate has signed a definitive agreement to acquire the European Polyurethane Systems Business (the “Company”) in a carve-out transaction from Covestro AG. The transaction is subject to clearing by the relevant antitrust authorities with closing anticipated for the second half of 2019. The European Polyurethane Systems Business operates four systems houses in Germany, Denmark, the Netherlands and Spain. It employs approximately 250 full-time employees and generates annual sales of approximately €230 million. Systems houses develop and formulate tailor-made ready-to-use chemical blends for the production of a wide range of polyurethane products such as insulation materials, foams, shoe soles, and building materials. The Company serves a wide range of small- and mid-sized customers across Europe and will be led by Dr.

Norsk Titanium Announces Larger Capacity Rapid Plasma Deposition™ (RPD™) Machine17.6.2019 11:00:00 EESTTiedote

Officials with Norsk Titanium (Norsk) announced today the company has designed and is currently building a larger-scale Rapid Plasma Deposition™ (RPD™) machine. This new machine enables manufacturing of larger, more complex aircraft and engine components, at faster print speeds. The new RPD™ machine, the G-IVL, will use the same advanced RPD™ technology of Norsk’s current additive manufacturing process. Norsk’s patented RPD™ technology and equipment utilizes proprietary process controls to melt titanium wire with plasma torches, in an argon environment to produce near-net shape components for airframe and aircraft engine applications. The Norsk G-IVL machine will expand the printing envelope to 190cm by 40cm by 60cm. It will print double-sided, as well as single-sided components, of complex geometries and deposit material in excess of 8kg per hour. The resultant component will have the material qualities equivalent to forgings. “The G-IVL machine will significantly expand Norsk’s capab

TYAN Powers AI and HPC with 2nd Gen Intel® Xeon® Scalable Processor-based Server Platforms at ISC 201917.6.2019 11:00:00 EESTTiedote

TYAN®, an industry-leading server platform design manufacturer and a MiTAC Computing Technology Corporation subsidiary, is showcasing its new 2nd gen Intel® Xeon® Scalable processor-based platforms that are optimized for predictive analytics, machine learning, and HPC applications at ISC 2019 from June 17-19 at Messe Frankfurt, booth C-1250. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005020/en/ TYAN's Thunder HX Lineup Designed for AI Optimization and HPC Revolution (Photo: Business Wire) “The most demanding workloads including HPC, AI deep learning, data analytics, and multi-cloud infrastructure require maximum performance across compute, memory, storage, and network resources, “said Danny Hsu, Vice President of MiTAC Computing Technology Corporation's TYAN Business Unit. “2nd gen Intel Xeon Scalable processors provide a powerful foundation for TYAN server platforms that enables us to deliver performance enhanceme

Appointment of Mark Wood as Chairman of HomeServe Labs17.6.2019 11:00:00 EESTTiedote

HomeServe plc (“HomeServe”, “the Group”), the international home repairs and improvements business, is pleased to announce the appointment of Mark Wood CBE as non-Executive Chairman of HomeServe Labs, the unit within HomeServe that developed LeakBot. HomeServe Labs is the innovation arm of HomeServe which in 2016 launched LeakBot, a patented smart leak alarm that can detect leaks anywhere on a mains water system. Water leaks are one of the major causes of claims on home insurance policies across Western Europe and the US, and LeakBot is designed specifically to help insurance companies prevent water leak claims by catching the leaks early. Craig Foster, LeakBot CEO, said: "Mark Wood is a previous CEO of AXA and a veteran of the insurance industry. This experience will really benefit us as a B2B Insuretech. Mark is also a successful entrepreneur himself, and more recently added a huge amount of value to promising fintech start-ups like PensionBee. With Mark on board as our new Chairman,

L&T Technology Services Successfully Concludes Its Engineering The Change Campaign in Europe with 24-Hour Hackathon17.6.2019 10:30:00 EESTTiedote

L&T Technology Services Limited (NSE: LTTS), a leading global pure-play engineering services company, successfully concluded its Engineering the Change campaign in Munich with a 24-hour hackathon. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190617005290/en/ Caption - Left to right: Nitin Ugale from Sulzer | Gaurav Gupta from LTTS | Winners - Annabel Michel; Lars Konig; Atenea Fernandez Rozaoilla; Luca Setili; Till Neumeier | David Humphrey from ARC Advisory Group | Samir Bagga from LTTS | Nawida Martinozzi from Nokia (Photo: Business Wire) The company’s 16-day pan Europe initiative included a 3,000 km innovation-on-wheels drive covering Greater Manchester & Ellesmere Port (Cheshire) in the UK, Amiens & Paris in France and Eindhoven in Netherlands, culminating in Germany. A total of 230 visitors, including customers, analysts, industry experts, government officials, local authorities and engineering students attended the d

Philip Morris International Holds ‘Open Mic’ at 2019 Cannes Lions Festival17.6.2019 10:00:00 EESTTiedote

Philip Morris International (PMI) (NYSE: PM) announced today its return to the Cannes Lions International Festival of Creativity to engage with those who are actively creating and shaping meaningful change in the world. Working from its central theme of “Open Mic,” PMI will foster conversations around unexpected and provocative ideas, concepts and views with some of today’s boldest thinkers at the gathering known for bringing together the world’s most creative people to discuss new ideas, pioneering research and emerging technologies that help make and shape popular culture. “For PMI, attending Cannes is a surprising juxtaposition of what people may expect of us. But that’s what we need to do as we strive to unsmoke the world: be bold, cut through the haze and have conversations about the future,” said Jacek Olczak, chief operating officer for PMI. Returning to Cannes for the second year in a row, PMI will host a series of panels, one-on-one conversations and events that focus on encou

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme