It seems unlikely that the tiny Republic of Georgia, which is only 5.6 m in size, would be an ideal candidate for ().BTC() Mining activity. An underdog for mining, the country boasts abundant hydropower while ranked seventh worldwide for the World Bank’s ease-of-doing-business Index — ahead of the United Kingdom and Germany.

Nestled on the Black Sea at the intersection of Europe and Asia, Georgia hosts Bitfury’s industrial mining operations as well as smaller, solo miners that tap into enormous amounts of hydroelectric power.