BitFury to Invest $100 Million in Georgian Bitcoin Mining Centre

BitFury has been reported to be investing $100 million in the creation of a 100MW bitcoin mining centre.
According to an article from CoinDesk:

[The facility is] to be built in the country’s capital city of Tbilisi, the data centre will be the bitcoin transaction processor’s second in the Eurasian nation, complementing a 20MW data centre based in Gori.
The data centre was first announced in July, following the news BitFury had raised $20m in venture capital to both build the facility and complete a roll out of its 28nm bitcoin mining ASIC. While construction of the facility began in early August, the company did not specify whether the $100m would be invested wholly in construction or if this figure would also include operational costs.
The data centre will be built on 185,000 square metres of land set aside by the Georgian National Agency of State Property to create a “special technology zone” with the goal of attracting international technology firms, the news source said.
In statements, BitFury’s official representative in Georgia, Eprem Urumashvili, expanded on the benefits he believes the data centre will provide as part of this effort.

Click here to read the full article from CoinDesk.