Georgia


Opinion

Georgia's ‘Shadow Ruler’ Is Trying to Claw Back a Bitcoin Fortune Worth $1B

Ten years ago, he declined a credible offer to mine bitcoin, missing out on an opportunity to make billions. Now that his personal fortune is dwindling, Bidzina Ivanishvili is going to extreme lengths to get his hands on the bitcoin he sees as rightfully his.

Bidzina Ivanishvili (Photo by Nicolo Vincenzo Malvestuto/Getty Images)

Policy

Crypto Policy Didn't Occupy the Spotlight in Elections in Austria, Georgia

Elections in Georgia were more focused on whether or not the country should align further with the European Union or Russia.

Voting booths (Philip Oroni / Unsplash)

Videos

XRP Climbs 14% This Week as Several Institutions Adopt Ripple’s Services

XRP has risen about 14% in the past week, as bitcoin and ether hold steady. Bulls may have reacted to two positive developments for payments firm Ripple, as the company recently won key approvals to operate and offer services in Georgia and Dubai. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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Finance

Bitcoin Miner CleanSpark to Buy 2 Georgia Facilities for $9.3M

The new facilities are expected to add just under 1 EH/s to CleanSpark's hashrate.

Bitmain Antminer S19 Hydro mining rigs, the company's latest technology, installed at a Merkle Standard facility in Washington state. (Eliza Gkritsi/CoinDesk)

Finance

USDT Issuer Tether Ventures Into Payment Processing With Georgia Investment

The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.

(Nikhilesh De/CoinDesk)

Finance

Crypto Miner CleanSpark Extends Bear-Market Strategy, Buying 20K of Bitmain's Newest Rigs

The Bitmain Antminer S19j Pro+ machines will increase CleanSpark's computing power by 37%.

Work is underway for CleanSpark's expansion in Washington, Georgia. (CleanSpark)

Finance

Bitcoin Miner CleanSpark Builds 50MW Additional Mining Capacity at Georgia Site

The mining firm will increase its computing power by 25% to 34% after the U.S. site goes online.

Work is underway for CleanSpark's expansion in Washington, Georgia. (CleanSpark)

Finance

Coinbase Threatens to Sue Crypto Traders Who Profited From Pricing Glitch

A thousand users in the republic of Georgia made wild profits on a Coinbase pricing glitch. Now the U.S.-based crypto exchange wants the money back.

Various banknote and money of the Republic of Georgia (Getty Images, modified by CoinDesk)

Finance

Amid Market Rout, Crypto Miners Are Still Building

Crypto miners are still developing innovative data centers despite a souring market that has some miners struggling to survive.

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

Finance

Bitcoin Miner CleanSpark to Buy Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M

The deal has potential to increase CleanSpark’s hashrate to 5.2 EH/s by the year-end, exceeding the company’s previous guidance.

CleanSpark's immersion cooling facility in Norcross, Georgia (Eliza Gkritsi/CoinDesk)