Deals
Billionaire Novogratz Invests in Cryptocurrency Firm Bitfury
- Funding round values firm at more than $1 billion, people say
- Bloomberg reported in October that Bitfury is mulling an IPO
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Cryptocurrency venture Bitfury raised $80 million from investors including the merchant bank founded by billionaire ex-Goldman Sachs Group Inc. partner Mike Novogratz.
The private placement was led by Korelya Capital, a European investor backed by Korea’s Naver Group, according to a statement from Bitfury. Other participants include Novogratz’s Galaxy Digital and Europe-based firms Jabre, Lian Group and Armat Group. Bitfury was valued at more than $1 billion in the deal, according to people familiar with the matter.