Bitfury Group Launches Artificial Intelligence Division

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The Bitfury Group has launched its artificial intelligence (AI) division, a major expansion that supports its mission to build innovative new solutions across the emerging technologies landscape. The AI division will operate alongside Bitfury’s well-established blockchain
services portfolio and build on several years of research and development by the company’s awardwinning engineering team.

AI Appointment Marks Bitfury’s Growth to Global Emerging Technologies

Bitfury’s new AI division will use the company’s world-class hardware and software technologies to build
integrated product solutions at the edge, as well as cloud-to-edge enterprise solutions for corporations
and governments.

Bitfury has appointed veteran technologist Fabrizio Del Maffeo to lead its new AI division. Before joining
Bitfury, Fabrizio was Vice President and Managing Director of AAEON Technology Europe, which is the AI
and internet of things (IoT) computing company within the ASUS Group. During his time at AAEON,
Fabrizio founded “UP Bridge the Gap,” a product line for professionals and innovators which is now a
leading reference solution in AI and IoT for Intel.

In 2018, Del Maffeo launched alongside Intel their “AI in Production” program. Previously, he served as
country manager for France and Sales Director for Northern, Southern and Eastern Europe for Advantech,
the largest industrial IoT computing company. In this role, he also led the intelligent retail division. He
graduated with a master’s degree in telecommunication engineering from Milan Politecnico University.

“Just as blockchain technology enables us all to fix our most broken and distrusted systems, artificial
intelligence will bring new and extraordinary benefits to nearly every facet of our lives,” said Valery
Vavilov, CEO and co-founder of Bitfury. “To help this incredible technology achieve maximum impact,
Bitfury is expanding our mission to offer hardware and software solutions designed especially for AI

“Bitfury has been at the forefront of technological invention since our founding in 2011. Our focus on
artificial intelligence is a logical expansion of that work,” said George Kikvadze, Executive Vice Chairman
of Bitfury. “Our years of expertise building industry-leading hardware and software solutions for the
blockchain industry equip us with the world-class expertise needed to build hardware and software
solutions for our increasingly AI-assisted world.”

Del Maffeo said he joined Bitfury because he believes the company’s successes in blockchain and HPC
confirms its strong commitment to increasing market access to emerging technologies. “I look forward to
leading Bitfury’s AI team and to launching products that make it easier, safer and more cost-efficient for
businesses to adopt artificial intelligence at scale,” he said.
Bitfury’s AI products will be announced later this year.

About The Bitfury Group
The Bitfury Group is the world’s leading emerging technologies company. Bitfury™ is building solutions for
the future, with the most significant technologies of the millennium. Founded in 2011, our mission is to
make the world more transparent and trusted by innovating at every level of technology – hardware and
software – to put trust back into the equation. Bitfury’s portfolio focuses on solutions for artificial
intelligence, blockchain technology and digital currencies. 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 cryptocurrencies and 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 ExonumTM private blockchain framework, its Crystal™
Blockchain advanced analytics platform, and its specialized engineering team for the open-source
Lightning Network, Lightning Peach. To learn more, visit

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