Cryptocurrency mining facilities in georgia

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The centers employ relatively few thousands of computers to run amounts of electricity in an and verify how each token pressures are pushing companies to.

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Crypto mining is legal and unrestricted in Georgia. Given the potential financial rewards from mining, the government has begun promoting the country as a hub. The bill, sponsored by Peachtree Corners Republican Rep. Scott Hilton, would grant crypto mining companies a sales tax on equipment purchased. Nasdaq-listed bitcoin mining firm CleanSpark (CLSK) has agreed to acquire two facilities in Dalton, Georgia for $ million in cash.

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What bitcoin mining means

The Georgian government has introduced new rules mandating that businesses use these licenses before they can start mining cryptocurrencies. Eliza Gkritsi. Transcript : CleanSpark, Inc. It does not host miners for any other companies, and has a partner in Massena, New York, who hosts approximately 50 MW for the Company.