STORY NAME: Offshore Mining from Georgia – Bitfury Case COPYRIGHT Tabula/OPEN Media Hub HOLDER: COPYRIGHT Ownership of content belongs to Tabula/OPEN Media Hub NOTICE: USAGE TERMS: Share & Adapt - Attribution 4.0 International (CC BY 4.0) https://creativecommons.org/licenses/by/4.0/ EDITOR’S NOTES: N/A SOURCE: Tabula, link to the video http://www.tabula.ge/ Open Media Hub – http://www.openmediahub.com “This production was supported by OPEN Media Hub with funds provided by the European Union” LANGUAGE: Georgian DURATION: 13:53 JOURNALIST: Shota Tkeshelashvili EMAIL:
[email protected] SLUGLINE: Conflicts of interests, crypto currencies, bitcoin, Georgian Government, Bidzina Ivanishvili, Tax heaven. HEADLINE: Offshore Mining from Georgia – Bitfury Case DATELINE: Tbilisi, Georgia, July 2018 SCRIPT: Offshore mining from Georgia Voice over 00:00-00:31 On December 16, 2015, consumption of electricity in Capital of Georgia has increased by 40 megawatts. This volume of electricity is twice larger than medium sized city or national railway consumes. The reason for such a sharp increase in consumption was the opening of Bitufry’s Bitcoin mining data center in Tbilisi’s free economic zone. Facility had a lavish opening. Georgian Prime Minister Irakli Gharibashvili and founder of the Bitfury group Valery Vavilov both attended the ceremony. It was one of the largest mining centers in the world at that time. 00:32-00:50 Irakli Gharibashvili Ex Prime Minister of Georgia (soundbite in Georgian) Today I’m happy, because such a well-known company enters Georgia. This indicates that the investment environment in our country is better than it used to be.