Georgian National Agency of State Property. The land area is designated as Special Technology Zone and it will house facilities of international technology companies.
The new bitcoin mining data center will house BitFury’s latest bitcoin miners powered by 28nm and the upcoming 16 nm Application Specific Integrated Circuits (ASICs). These new ASICs, once incorporated will increase the efficiency of mining operations as these new chips are easily capable of achieving an energy efficiency of 0.06 joules per gigahash.
BitFury is one of the highly funded bitcoin mining infrastructure provider with mining facilities spread across multiple countries. The company has raised over $20 million from investors to setup new mining data centers and launch new mining ASICs. The company had first announced its plans to set up a new bitcoin mining data center in Georgia.
However, it is still not clear about how BitFury is going to invest $100 million into its new data center and whether the investment also includes operational expenses. Based out of Amsterdam, Netherlands BitFury has raised investments in three consecutive times The Georgian Co-Investment Fund has been one of the investors in all the three investment rounds.
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