October 30th, 2018

XTC Announces Bitfury as Blockchain + Digital Currency Sponsor for 2019 Contest

Top Blockchain Firm Returns as Sponsor for Second Year in a Row

Extreme Tech Challenge (XTC) announced today that the Bitfury Group will be the official Blockchain and Digital Currency sponsor for next year’s highly anticipated and acclaimed startup competition.

Bitfury was once the same size as many of XTC’s entry-level startups, but the company has since seen meteoric growth. Now one of the world’s most prominent full-service blockchain technology firms, Bitfury is sponsoring both the Blockchain and Digital Currency verticals for next year’s XTC. With a number of startups entering the Blockchain and Digital Currency verticals in recent years – especially 2018 — this branch of tech has become one of XTC’s most prominent.

Latvian native Valery Vavilov co-founded Bitfury in 2011 to build blockchain solutions that improve the services and systems that people around the world use every day. Bitfury is now the world’s leading full-service blockchain technology company and is making the world safer, simpler and more efficient by using blockchain to enable businesses, institutions and governments to successfully digitize their assets and safely transact them over the internet.

“We are thrilled to return as the sponsor of XTC’s Blockchain and Digital Currency verticals,” said John Mercurio, Chief Communications Officer of Bitfury. “Blockchain has quickly become an essential technology in our world and it is evolving every day, so we couldn’t be more excited to support budding Blockchain and Digital Currency startups that are finding new ways to make the world a better place.”

The Extreme Tech Challenge is supporting startups and exposing them to some of the world’s most brilliant entrepreneurs. The community created by ACTAI Global (athletes, conservationists, technologists, artists and innovators) has reshaped the way companies are established and how new technology is shared. With Bitfury leading by example, those who participate in XTC are given a rare chance to join a community of like-minded yet independent thinkers who together are transforming ideas into reality.

“We are extremely excited to announce Bitfury as a returning sponsor. The addition of the Digital Currency vertical to their sponsorship, alongside Blockchain, further showcases this branch of technology as one of the most prominent in XTC. We thank them for the support and are excited to see what technology they choose as the winner” Bill Tai, Co-Founder of XTC.

About The Bitfury Group

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 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 private blockchain framework, Exonum, its advanced analytics platform Crystal Blockchain, and its specialized engineering team for the open-source Lightning Network, LightningPeach. To learn more, visit www.bitfury.com.

About Extreme Tech Challenge

The Extreme Tech Challenge is the world’s largest startup competition. It is a contest designed to identify emerging leaders that have the potential to dominate their markets and reward them with greatly enhanced visibility, infrastructure and resources to scale quickly at low cost. Ten world class startups will be selected as semi-finalists to present live on stage at CES with three finalists presenting to a panel of all-star judges TBA on Necker Island. Winners will receive resources to amplify their success and scale their companies. XTC was founded in 2014 to give startup companies with great potential access to wide visibility, numerous resources, and the opportunity to gain funding from investors across the world. Interested companies compete in three rounds, with the final event occurring on Sir Richard Branson’s Necker Island. Each round’s finalists are judged by a different group of field experts.

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