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Vavilov’s entrepreneurial experience and passion for Blockchain technology led him to found the company in 2011, when Blockchain technology was just beginning to capture the world’s attention and imagination. A native Latvian who experienced first-hand the challenges resulting from the collapse of the Soviet Union, Valery was inspired by Blockchain technology and saw an opportunity to build technological solutions that could improve the lives of people all over the world. Valery focused first on the hardware solutions that would ensure security and trust in the Bitcoin Blockchain, leading The Bitfury Group to develop five generations of cutting-edge mining chips and state-of-the-art data center designs. Under his leadership, the company has expanded its focus to provide custom-designed software, consulting solutions, and advanced hardware, all while maintaining its position as one of the major public Bitcoin Blockchain security and transaction providers. Prior to founding The Bitfury Group, Valery spent more than 15 years in a variety of technical and leadership positions.