BitFury Invests $100 Million into Republic of Georgia for Mega-Data Center

Global bitcoin blockchain infrastructure provider and transaction processing company BitFury is planning to invest US$100 million to build its second data center in Georgia’s capital Tbilisi and the first technology park.

The new 100MW bitcoin mining data center will be built on 185,000 square miles of land developed by The Georgian National Agency of State Property called the “Special Technology Zone,” a project aimed to attract international technology firms and investors.

BitFury Georgia Official Eprem Urumashvili in a statement:

“Georgia will have three main benefits – a US$100m investment to bring modern information technologies into the country and to be added to the innovative technologies world map.”

BitFury currently operates two data centers in Iceland and Georgia. The latter was developed with the Georgian Co-Investment Fund in early 2015. Due to its “major success,” BitFury CEO Valery Vavilov decided to partner with Georgian Co-Investment Fund to acquire a part of the Special Technology Zone in June, 1, 2015.

“We are pleased to commence our new project in the Republic of Georgia which envisages the development of the special technology zone with the aim of attracting international technology players, as well as building our latest mega data center,” said Vavilov in a Read more ... source: Cointelegraph