Bitcoin mining company to build mining data center in Georgia

Bitcoin mining company BitFury will invest $100 million to build a 100-megawatt Bitcoin mining data center in Georgia, local news source Agenda reported.

It is reported that the data center will be built in Tbilisi, the capital of Georgia. This is also BitFury’s second Bitcoin mining data center in the Eurasian country. Its first 20-megawatt data center is located in Gori.

BitFury first announced the data center in July, when it closed a $20 million round of venture funding and launched its 28nm bitcoin mining chips. Although construction of the facility began in early August, the company did not specify whether the $100 million would be used entirely for construction or if the figure also included the cost of operating the data center.

Sources said the data center will be built on 185,000 square miles of land reserved by Georgian state agencies, where a special technology zone will be created to attract international technology companies.