Georgia is reporting a sharp increase in cryptocurrency mining, driven by affordable electricity and the formal legalization of the sector. According to official statistics, mining operations now consume roughly 5% of the electricity produced in the South Caucasus nation.
Mining farms in Georgia nearly double electricity use
Crypto mining in Georgia is hitting record growth, reflected in a significant jump in electricity consumption across the industry, local media report.
A report by Business Georgia notes that power demand from large data centers is rising rapidly. These computing facilities—located primarily in the free economic zones of Tbilisi and Kutaisi—are largely focused on mining digital currencies.
As the economic outlet found on Tuesday, output from companies involved in crypto-related activity tripled last year.
Data provided by the Georgian National Energy and Water Supply Regulatory Commission (GNERC) show that from January through November 2025, these companies used 675 million kWh of electricity—about 5% of the country’s total consumption.
The regional Russian-language outlet Vesti Kavkaza estimates that this is nearly 80% higher than the amount of electricity consumed by the sector the year before.
Analysts attribute the upward trend to several factors: rising digital asset prices in 2025, relatively low electricity tariffs in the former Soviet republic, and Georgia’s government efforts to legalize and regulate the sector.
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, reached an all-time high above $126,000 in October. At the same time, Georgia’s inexpensive energy and supportive rules helped convince mining giant Bitfury to establish operations in the country.
Who are the biggest power consumers among miners?
AITEC Solution is the largest electricity consumer among data center operators, using 403 million kWh. The company runs a facility in Gldani, a district of Georgia’s capital Tbilisi, where Bitfury previously carried out mining operations.
Texprint Corporation, operating inside the Kutaisi Free Industrial Zone, ranks second. From January through September, it used 135 million kWh.
With 104 million kWh, TFZ Service LLC is third. While the company is not directly engaged in crypto mining, it supplies electricity to mining firms operating in the Tbilisi Free Industrial Zone.
Business Georgia also reports two more companies rounding out the top five: ITLab (24.6 million kWh) and Data Hub(7.2 million kWh).
Rising mining power demand creates challenges across the region
Both companies and individuals can freely mine cryptocurrencies in Georgia. The country has offered a favorable tax regime since 2019, though legislation adopted in 2023 increased oversight of the sector.
Georgia generates most of its electricity from hydropower: up to 80% of domestically produced electricity comes from hydroelectric plants. For now, the country continues to meet demand.
