Georgia, Attracts $100m Investment from the Blockchain infrastructure provider BitFury
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....
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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....
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....
The Republic of Georgia has formally teamed with Bitfury Group, a provider of blockchain infrastructure, to use the bitcoin blockchain to validate property-related transfers, according to Forbes. Bitfury Group first partnered with the Georgia government last April to register land titles using a private blockchain and to verify them using the public bitcoin blockchain. This marked the first time a national government used the bitcoin blockchain to validate and secure government actions. Parties Expand Agreement. The Georgian National Agency of Public Registry (NAPR) and Bitfury have agreed....
San Francisco-based blockchain infrastructure provider Bitfury has partnered with the Georgian Co-Investment Fund to support Tbilisi, Georgia flood victims, a press release said. An intense downpour along with high winds on Sunday gave birth to a sweeping torrent that killed at least 12 people, tore up roads, destroyed houses, threw vehicles into the mangled trees, and left dozens homeless. There is still no count of how many local zoo animals survived the nature's fury. CEO of BitFury Group, Mr. Valery Vavilov said: "Our deepest condolences go to the families of those who suffered as a....
A BitFury spokesperson has confirmed that this is the second investment by BitFury Capital. BitFury Capital, the investment arm of bitcoin mining infrastructure provider BitFury, has announced an undisclosed investment in BitGo. The news marks the venture capital firm's second investment in recent weeks, following confirmation that it had invested in an anonymous bitcoin wallet provider. Speaking to CoinDesk, BitGo CEO Will O'Brien elaborated on the significance of the deal, though he declined to offer any specifics. Praising BitFury as a leader in the bitcoin mining sector, O'Brien told....