Blockchain technology provider Bitfury Group announced on Tuesday that it had secured $80 million through a Private Placement with institutional investors. The funding round was led by Korelya Capital, an EU-based venture capital firm backed by South Korean internet company Naver Group. Korelya was joined by institutional investors like Macquarie Capital and Dentsu Japan, EU-based fund managers Jabre, Argenthal, Lian Group, and Armat Group, insurance groups Foyer and MACSF, and Galaxy Digital, the crypto merchant bank operated founded by Michael Novogratz. ITech Capital, a venture capital firm that has previously invested in Bitfury, also joined the private placement.

European Growth investment bank Bryan, Garnier & Co was the Sole Financial Advisor and Placement Agent for Bitfury.

Greg Revenu, managing partner of Bryan, Garnier &am…

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