BitFury is investing $100m in a new bitcoin mining data centre in Georgia

Investing | October 5, 2015 By:

BitFury has announced it will invest $100m in building a 100MW bitcoin mining data centre in Tbilisi, Georgia’s capital city.

“Georgia will have three main benefits – a $100m USD investment, to bring modern information technologies into the country and to be added to the innovative technologies world map,” said BitFury’s official representative in Georgia Eprem Urumashvili.

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.

According to the report, the data centre will house bitcoin miners containing BitFury’s 28nm and soon-to-be-released 16nm ASIC chips. BitFury announced in September that it had completed the tape-out for the 16nm chips, which achieve energy efficiency of 0.06 joules per gigahash.

BitFury is a bitcoin blockchain infrastructure provider and transaction processing company.