Share this article

Blockchain Startup Bitfury Files for Electronics Design Patent

Venture-backed blockchain startup Bitfury is seeking a patent related to electronics design, public documents reveal.

Updated Sep 13, 2021, 6:46 a.m. Published Jul 28, 2017, 4:40 p.m.
shutterstock_314059103

Venture-backed blockchain startup Bitfury is seeking a patent related to electronics design, public documents reveal.

The US Patent and Trademark Office published the application for "Layouts of transmission gates and related systems and techniques" on July 27, attributed to Bitfury Group Limited, based in Georgetown, Kentucky, with Bitfury CTO Valery Nebesny listed as the sole inventor.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The patent itself is focused on transmission gates, also known as analog switches, which allow electronic signals to pass through a certain point when activated. According to the text, the application covers both the layout design as well as the methodology for creating the layout.

The application makes a sole reference to bitcoin mining when describing possible uses for the patent. Bitfury is one of the world's bitcoin mining chip developers, and according to available network data mined roughly 6% of transaction blocks in the past 24 hours.

It states:

"In some embodiments, the multi-bit transmission gate described herein may be integrated into any suitable device including, without limitation, a microprocessor, liquid-crystal display (LCD) panel, light-emitting diode (LED) display panel, television, mobile electronic device (e.g., laptop computer, tablet computer, smart phone, mobile phone, smart watch, etc.), computer (e.g., server computer, desktop computer, etc.), bitcoin mining device, etc."

Public records show that it's a follow-up application to a patent awarded to Bitfury in December. To date, Bitfury has been awarded four patents.

Computer chip image via Shutterstock

More For You

Protocol Research: GoPlus Security

GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

More For You

Plume Secures ADGM Commercial License, Eyes Middle East RWA Expansion

Plume co-founders Teddy Pornprinya and Chris Yin (Plume, modified by CoinDesk)

Plume Network has received a commercial license from the Abu Dhabi Global Market, allowing expansion into the Middle East.

What to know:

  • Plume Network has received a commercial license from the Abu Dhabi Global Market, allowing expansion into the Middle East.
  • The license enables Plume to scale real-world asset origination and distribution across the Middle East, Africa, and emerging markets.
  • Plume plans to establish a permanent office in Abu Dhabi by the end of the year, with commercial announcements expected in early 2026.