This also coincides with an increase

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in energy consumption by companies engaged in cryptocurrency mining in the country, which amounted to 377 million kilowatt hours this year, an eight-fold increase compared to the previous year. Since data centers are energy-intensive to operate, they are mostly located in industrial zones, which are exempt from VAT on electricity consumption. BMG requested information from Geostat on which companies imported the aforementioned computers.


According to the agency's response, they cannot provide information in order, but they did provide us with 5 companies that are leaders in this direction, although they are not listed in order. According to the Geostat switzerland fax data response, three of the largest importers are involved in the cryptocurrency mining sector. Among these companies is Protech Corporation LLC, which is engaged in mining cryptocurrencies from the Kutaisi Free Economic Zone.


In 2024, the company already consumed 95 million kilowatt hours of electricity for this purpose. Also on the list are the companies "Axis Systems" and "Data Systems", whose addresses are in the Tbilisi Free Industrial Zone. Given that the supply of electricity to the Free Economic Zone is exempt from VAT, mining activities in this area are most profitable. In addition to companies engaged in cryptocurrency mining, companies UGT Georgia and Muk Georgia are also engaged in importing computers for data centers, which are engaged in the sale of computers and servers for various purposes on the local market.