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Thursday, May 27th, 2021

 

BTCST and Standard Hashrate Group Invest in Bitcoin Mining in Tblisi, Georgia

Standard Hashrate Group (“SHG”) is an open platform where prominent miners contribute their Bitcoin hashrate to form the foundation of DeFi innovations. Today, SHG announced that it has entered into a tentative investment term sheet with a local partner based in Tblisi, Georgia to acquire and operate a cryptocurrency mining facility in a Free Industrial Zone (“the Tblisi FIZ Site”). Pursuant to the tentative term sheet, SHG will invest the equivalent of USD 3.10 million to jointly acquire and operate the Tblisi FIZ Site with an expected capacity of 29Read More