BitFury Group Donates Hundred Bitcoins to Macquarie University ALS


BitFury Group Donates Hundred Bitcoins to Macquarie University ALS

Adding its name to the list of Bitcoin donors who are contributing significantly, BitFury Group, the leading Bitcoin infrastructure provider and Bitcoin transaction processing company has announced that it is donating 100 Bitcoins to the Macquarie University ALS/MND Research Centre. The donation is equivalent to $50,000 in the current exchange rate.

Valery Vavilov, CEO of BitFury talked to media professionals at the occasion and said that his company is happy to be in a position to lend a helpful hand and donate to research that can save the lives of thousands of people. He further added that it felt right for the company to support ALS research given the recent passing of Hal Finney, a Bitcoin pioneer.

Hal Finney was pioneer of the digital currency but lost his brave battle with the incurable disease and according to BitFury Group; the donations are needed for further research. Their donation is going to help a noble cause and the company says that it is pledging donation in Hal Finney’s name.

The BitFury CEO also said that his organization will help the Macquarie University ALS/MND Research Centre mine for the answers to better understand ALS/MND and, ultimately, find a cure. Amyotrophic Lateral Sclerosis is the clinical name for Motor Neuron Disease (MND) and characterized by the degeneration of the motor nerve cells in the brain and spinal cord.

The Fund Will be used for Buying Powerful Leica M205FC fluorescent stereo microscope

The press release says that the Macquarie University ALS/MND Research Centre will use BitFury’s generous donation to buy a powerful Leica M205FC fluorescent stereo microscope that the center will be using in its search for cure for a disease which has more than 450,000 patients around the world.

Approximately 140,000 new cases are diagnosed worldwide each year i.e. about 384 new cases every day. Dr. Nicholas Cole, senior lecturer and MND research group leader of the Australian School of Advanced Medicine at Macquarie University said that his organization is thrilled about the donation which it is going to use for bringing in a cure for the disease.

He admitted that this is a great partnership with BitFury because the company has a solid reputation and he thinks that Bitcoin is a different and innovative, yet efficient approach to common issues, perhaps reflecting his own novel approach using zebrafish for ALS research. He said that previous methods have not yet given us a treatment or a cure, so it is clear that a different approach is much needed.

To contact the reporter of this story: Deepak Tiwari at