2015-12-16
Georgian Prime Minister Irakli Garibashvili attended the opening of the Energy Efficient Immersion Cooling Data Center by BitFury Group, the leading Bitcoin Blockchain infrastructure provider and transaction processing company. The center is located in Tbilisi and will have a capacity of 40 MW of electricity.
"I would like to welcome the presence of BitFury Group in Georgia. BitFury has already invested 30 million USD through the support of the Co-investment Fund. BitFury entering Georgia is a good indication of the improved investment climate in our country and this is very promising for us. Our government continues to encourage and promote investments. Please note that the opening of a free industrial zone is an additional stimulus for other companies to make investments," stated the Prime Minister Garibashvili.
After BitFury carried out its first successful project in Gori, the company expanded its business activities in Georgia. BitFury has also started an independent project in Gldani to create a free industrial zone on 18 hectares of land. The project seeks to attract foreign direct investment to Georgia, encouraging international IT companies to explore business opportunities in the country.
BitFury's mega data centers will also play a big role in attracting international companies to Georgia. According to the preliminary calculations, investments accumulated within the free industrial zone will reach 100 million USD.
Prime Minister's Press Office