Georgia reports increased power consumption for crypto mining - Coinfea

Georgia is experiencing an increase in energy consumption in its cryptocurrency mining sector, which has been driven by low electricity rates and favorable regulations. Most of the country’s cryptocurrency mining enterprises are located in free economic zones, where businesses, including those involved in cryptocurrency transactions, are offered preferential terms.

ContentsBitcoin mining farms burn 5% of Georgia’s electricityMiners enjoy friendly regulation and affordable electricityEnergy usage by large-scale data processing centers in Georgia is growing, local and regional media unveiled this week, quoting official stats. The majority of these DPCs are currently engaged in the minting of digital currencies, the Business Gruzia portal noted in a report on Tuesday. And most of the power-hungry enterprises are located in the free economic and industrial zones in the capital Tbilisi and the western city of Kutaisi.

Bitcoin mining farms burn 5% of Georgia’s electricity

According to the Georgian National Energy and Water Supply Regulatory Commission (GNERC), the combined output of these facilities has tripled to 752 million kilowatt-hours (kWh). That amounted to approximately 5% of the Caucasian nation’s total energy consumption in 2025, according to the figures provided by the agency.

Earlier reports, also quoting data compiled by the regulator, revealed miners had used 675 million kWh between January and November, an 80% increase over the previous year. Analysts say the observed growth is due to several major factors, most notably the significant increase in the prices of the minted digital assets during the examined period. The price of Bitcoin reached an all-time high in October 2025, exceeding $126,000 per coin.

The positive trend in Georgia’s mining industry continues into the new year, despite the latest crypto market downturn. In January and February 2026, miners utilized 86.7 million kWh. While that accounts for 3% of the country’s total, it should be noted that the cold winter months are marked by increased electricity consumption for other purposes, including heating.

Miners enjoy friendly regulation and affordable electricity

Low-cost energy has been playing a key role in Georgia’s mining boom in the past few years. Most of the country’s electricity is generated by hydroelectric power plants. The leader among the mining firms that have been taking advantage of the relatively low rates is AITec Solutions, responsible for 450 million kWh of the registered consumption. The company operates the Gldani data center in Tbilisi, which was previously run by Bitfury, a leading global digital-asset infrastructure operator.

The latter was among the first in the space to recognize Georgia’s potential as a crypto mining destination, but is now increasingly focusing on AI computing. Texprint Corporation is the second-largest electricity consumer among Georgian miners. Its facilities, based in the Kutaisi Free Economic Zone, used up 147 million kWh in nine months. TFZ Service LLC ranks third with 104 million kWh on the meter.

While the company is not directly engaged in Bitcoin mining, it serves as a major power supplier to a number of mining farms. The leaders are followed by smaller players such as ITLab, which used 24.6 million kWh of electricity, and Sain Fiz, with 18.6 million kWh. Another 7.2 million kWh were billed to DATA Hub. While Georgia still manages to meet their electricity demand, other nations in the former Soviet space are already experiencing difficulties.