Georgia
Bitcoin Countries
Georgia has emerged as a major global Bitcoin mining hub, ranking among the top 5–6 countries by hashrate. With ~76% of electricity generated from hydropower and no income or capital gains tax on mining activity, the country offers exceptionally low operating costs for miners. Tbilisi and Kutaisi host Technology and Innovation Zones offering VAT exemptions on electricity, and the National Bank of Georgia established VASP registration rules in 2023.
Details
- Status
- mining_hub
- Notable
- Top 5-6 global hashrate, no capital gains tax on mining, $115M mining equipment imports in 2024
- Legal Status
- legal
- Energy Source
- hydroelectric
- Tax Treatment
- no income/capital gains tax on mining
- Regulatory Body
- National Bank of Georgia
- Capital Gains Tax
- No
- Bitcoin Etf Available
- No
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