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....
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BitFury, the Bitcoin blockchain infrastructure provider, has announced some great things this month. Early in September the company announced its 16 nm (application-specific integrated circuit) chip that will operate with the fullest proprietary immersion cooling technology implemented by Allied Control a company acquired by BitFury. Then, just this....
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 Agenda.de. 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....
BitFury Group, a Bitcoin Blockchain infrastructure provider and transaction processing company is investing $100 million USD to build its second data centre, and the first Technology Park in Tbilisi, Georgia's capital. BitFury has management offices in Amsterdam in the Netherlands and in San Francisco in the United States, as well as data centers in Iceland. Now the company prepares to make a capital injection on the new site in Georgia. Sources from BitFury stated the country was selected for its attractive investment climate and ease of conducting business. Low energy cost and....
In April 2016, the Republic of Georgia’s National Agency of Public Registry (NAPR), renowned Peruvian economist Hernando De Soto, and Bitcoin company Bitfury announced a partnership to design and pilot a blockchain land-titling project. Now, Bitfury and NAPR have signed a new Memorandum of Understanding (MOU) to expand the blockchain solutions developed by the project to other government departments. “There is a great deal of unrest around the world due to broken and friction-filled systems, and governments, institutions and businesses are looking for better solutions that can serve the....
The Republic of Georgia’s National Agency of Public Registry, renowned Peruvian economist Hernando De Soto and Bitcoin company BitFury announced a partnership to design and pilot a blockchain land titling project, Forbes reports. The announcement was accompanied by a signing ceremony at the Georgian Ministry of Justice. “By building a blockchain-based property registry and taking full advantage of the security provided by the blockchain technology, the Republic of Georgia can show the world that we are a modern, transparent and corruption-free country that can lead the world in changing....