George Kikvadze is a technology investor and executive focused on blockchain infrastructure, cryptocurrency, and artificial intelligence (AI). He is the Executive Vice Chairman of Bitfury Group, a technology company in the bitcoin mining and digital asset sectors. Kikvadze also founded the investment firm Cryptic8 VC and serves in leadership and advisory capacities for multiple technology companies. He is the author of the book And Then You Win, which details his experiences in the cryptocurrency industry. ^{[1] [2]}​

Early Life and Education

Kikvadze graduated from the University of Oregon, Lundquist College of Business, with a BS in Finance and Management in 1995. He then attended The Wharton School, where he earned an MBA in Finance in 2001. Afterward, Kikvadze earned an MA in International Relations and International Economy from the John Hopkins Schoolof Advanced International Studies (SAIS) in 2002. ^[4]​

Career

Kikvadze worked at Sistema and Sistema Telecom from 2002 to 2007 as managing director in M&A and capital markets. He then joined York Capital Management from 2007 to 2008 as managing director and chief executive officer of the firm’s CIS office. From 2009 to 2013, Kikvadze was managing partner at Emergent Capital, an M&A advisory and investment management firm. Between 2013 and 2015, he served on the advisory board of the Georgian Co-Investment Fund.

Kikvadze became executive vice chairman of BitFury Group in 2013, a role he has held since. His work has been associated with the company’s activities in bitcoin mining, blockchain infrastructure, and related investments, including ventures in data centers, blockchain analytics, liquid cooling, and AI hardware. From 2020 to 2023, he served as a board member at Axelera AI. In 2021, he founded Cryptic8 VC, an investment firm focused on technology and longevity-related companies, and also became a board observer at LiquidStack.

Since 2023, Kikvadze has served as a board member at Crystal Blockchain Analytics. He has also held limited-partner positions at several venture firms, including ACTAI Ventures (since 2020), Negev Capital (since 2023), and Axiom Partners (since 2025). In 2025, he became an advisor and investor at Novo. ^{[5] [6]}

Interviews

Bitfury

In an October 2025 CNBC interview, Kikvadze commented on Bitcoin’s sharp weekly price movement, noting that it rose from roughly 123,000 despite limited new economic data. He discussed Bitcoin as a potential hedge against inflation and fiscal instability, and said declining interest rates could increase investor demand for risk assets such as Bitcoin. Kikvadze presented a long-term bullish outlook, describing Bitcoin as a scarce asset and suggesting it could reach significantly higher valuations over time. He also pointed to growing institutional participation from firms such as BlackRock and Fidelity as a factor supporting broader adoption. During the segment, he described how bitcoin mining has become more capital-intensive and technologically demanding, with some operators expanding into AI-related infrastructure. He also addressed the U.S. regulatory environment, calling for clearer rules while noting recent legislative momentum, and briefly discussed tokenization and stablecoins as emerging themes in digital finance. ^[8]

Central Bank Knowledge

In a December 2025 episode of the Open Book podcast with Anthony Scaramucci and Bill Tai, Kikvadze discussed growing up under communism and described how losing financial freedom early in life shaped his views on money and opportunity. He emphasized values such as honesty, hard work, and giving to others, and argued that trust and integrity are central to building long-term professional relationships. Kikvadze recounted his path from Soviet Georgia to Bitcoin, citing events such as the collapse of his family’s savings and his exposure to Bitcoin during the 2008 financial crisis as key turning points. He said early skepticism around Bitcoin required conviction grounded in education and lived experience rather than blind belief. Kikvadze also criticized fiat monetary systems as structurally unstable and presented Bitcoin as an alternative with long-term potential. The discussion referenced themes from the book And Then You Win, framing entrepreneurship as a process shaped by perseverance, collaboration, and problem-solving. ^[2]

Bitcoin’s Backbone

In an October 2025 interview with Blume Ventures, Kikvadze described how losing his hedge fund job around the time the Bitcoin white paper was published contributed to his decision to take an early risk on Bitcoin, which later led to his role as vice chairman of Bitfury Group. He discussed becoming interested in Bitcoin after events such as the Cyprus banking crisis and outlined Bitfury’s early development, including the technical work and experimentation involved in building mining and infrastructure capabilities. Kikvadze also spoke about challenges the company faced, including intense competition, technology setbacks, and a major chip failure that affected performance and market position. He explained strategic decisions to spin out and support separate businesses, including Hut 8 and Cipher Mining, to respond to new opportunities in the crypto sector. He shared his view of Bitcoin as a scarce asset with potential relevance as a hedge against inflation and financial instability, and said he wrote a book to document lessons from his experience. He closed by emphasizing the importance of integrity in business and expressing optimism about the long-term growth of Bitcoin and blockchain in India. ^[3]