BTCST and Standard Hashrate Group Invest in Bitcoin Mining in Tblisi, Georgia
Standard Hashrate Group (“SHG”) is an open platform where prominent miners contribute their Bitcoin hashrate to form the foundation of DeFi innovations. Today, SHG announced that it has entered into a tentative investment term sheet with a local partner based in Tblisi, Georgia to acquire and operate a cryptocurrency mining facility in a Free Industrial Zone (“the Tblisi FIZ Site”). Pursuant to the tentative term sheet, SHG will invest the equivalent of USD 3.10 million to jointly acquire and operate the Tblisi FIZ Site with an expected capacity of 29 MW.
About Standard Hashrate Group
SHG is an open platform where prominent miners contribute their Bitcoin hashrate for DeFi innovations. With SHG’s successful launch of Bitcoin Standard Hashrate Token (“BTCST”) on Binance Launchpool, S...