Last year, Georgia set a record for digital currency mining. The country's miners used about 5% of all electricity produced — 675 million kWh, which is almost 80% more than the year before. The sharp increase is due to the legalization of mining and attractive electricity tariffs.
The country is actively attracting international companies looking for favorable working conditions. Among them is the largest blockchain company, Bitfury, which has located its farms here. Legalization and a stable energy base create unique opportunities for business expansion in the field of crypto mining.
The growth of mining coincided with the historical jump in Bitcoin, which reached $126,000 last year. This dynamic shows that Georgia is gradually becoming one of the leaders in the global digital currency industry.
Now on home
By 2027, some crews will switch to Mercedes, BMW, Porsche, and Toyota
The project could start in 2-3 months after approval from the authorities
The works are still ongoing, but the subway is back to its normal schedule
This was stated by the head of Bybit
Previously, authorities planned to completely ban imports
They warned about the risks
Bybit is preparing to launch and discussing obtaining a license with the regulator
The new law could radically change the market for water, alcohol and soda
Most investments came from the UK, and investors are actively investing in finance, real estate, and transport
Prime Minister Believes Economic Growth Will Once Again Exceed Official Forecast
Passenger traffic exceeded 8.5 million people