The Bitfury Group may soon be known as a data miner, as well as a crypto mining firm.

In an interview with Reuters on Tuesday, the firm’s co-founder and CEO Valery Vavilov said Bitfury has launched an artificial intelligence (AI) division in order to break down the world’s vast amount of data and derive value from it.

Calling data “the next oil,” Vavilov said that 98 percent of all data is just sitting waiting to be analyzed.

While giving away few details, he added that the data analyses would utilize blockchain. “We also need to trust that data so that’s where…

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Author: Daniel Palmer


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