Georgia Announces Crackdown on Illegal Bitcoin Mining - Invest In Crypto News
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7 Articles
Georgia Announces Crackdown on Illegal Bitcoin Mining
Georgia's vice prime minister announced new measures to curb illegal mining operations he said are straining the country’s electricity grid and causing an estimated $9.5 million in annual damages, according to local reports.
Georgia Targets Illegal Bitcoin Mining in Mestia With Mandatory Electricity Meters
Georgia's Vice Prime Minister Mamuka Mdinaradze announced on June 1 a government-led effort to stop illegal Bitcoin mining in the Mestia municipality. The plan is to install electricity meters across every village in the Svaneti region. Law enforcement agencies will support the rollout.Mestia consumed 133 million kilowatt-hours of electricity in 2025. A comparable Georgian municipality normally uses around 10 million kilowatt-hours. Officials at…
Georgia Declares War on Bitcoin Miners After Outages
Georgia will install electricity meters across the Mestia municipality to combat illegal Bitcoin mining that officials say drains $9.5 million a year from the national grid. Vice Prime Minister Mamuka Mdinaradze announced the crackdown at a government briefing on June 1, linking the region’s surging power use to unauthorized mining operations. Mestia’s Consumption Hit 13 Times The Regional Average Mestia’s electricity consumption reached 133 mil…
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