Mon. Feb 18th, 2019

Bitfury partners up with Russian University to establish Blockchain Accelerator

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Nov 24


Blockchain company Bitfury has tied up with Plekhanov Russian University of Economics, to establish a Blockchain company accelerator.


In addition to supporting the development of blockchain projects, the university will provide courses and additional education dedicated to “training specialists who are able to create innovative projects using digital technologies in a short time.” This will enable specialists to “bring [the projects] to market amid the new industrial revolution,” as stated by Dmitry Ufaev, the head of Bitfury Russia.

The project will be backed by Russia’s Ministry of Digital Development, Communications and Mass Media. A Ministry official stressed that the pilot program meets the aspirations of both public institutions and large corporations that need to be modernized.


Major universities worldwide are offering crypto-related courses with increasing frequency. According to a recent Coinbase study, 42 percent of the world’s top 50 universities, such as Berkeley, Stanford and Cornell, offer at least one class on cryptocurrencies and blockchain.


On Nov. 6, Bitfury closed a funding round led by European venture capital fund Korelya Capital, having raised $80 million. The company also recently hired an investment banker, Antoine Dresch, to its board of directors, and a former U.S. Securities and Exchange Commission (SEC) member, Annette Nazareth, to its advisory board.


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