BitFury is Investing $100 Million in a New Bitcoin Mining Farm


Bitcoin block chain infrastructure provider BitFury has announced the construction of a $100 million data center in Tbilisi, Georgia’s capital city.

Georgia has been attracting key international technology companies to position itself as an investment destination and the BitFury Group have duly obliged, by investing $100 million in building a data center in the country’s capital of Tbilisi, reports

The 100MW data center will be the second built by the BitFury Group in Georgia after the installation of a 20MW data center in Gori, a city in eastern Georgia. The block chain infrastructure provider and transaction processing company also has offices in San Francisco and Amsterdam.

Speaking of the investment, Eprem Urumashvili, BitFury’s official representative in Georgia stated:

Georgia will have three main benefits – a $100 million USD investment, to bring modern information technologies into the country and to be added to the innovative technologies world map.

BitFury’s current 20Mw data center operating in Gori is serving bitcoin transactions with up to 6,000 servers every day.

Company insiders have deemed the Gori data center (opened in July 2014) to be “a major success”. As a consequence, “they saw further potential

Read more ... source: CryptoCoinsNews