Which are leading factors affecting the server hosting business
Posted: Sat Jan 18, 2025 5:13 am
For comparison, in the same period in 2023, the volume of imports amounted to $16 million. According to the Geostat report, this volume of computer block imports is a record and coincides with both a record increase in demand for server data centers and a record increase in cryptocurrency prices, both of. This also coincides with an increase australia telegram phone number list in energy consumption by companies engaged in cryptocurrency mining in the country, which amounted to 377 million kilowatt hours this year, an eight-fold increase compared to the previous year.
Since data centers are energy-intensive to operate, they are mostly located in industrial zones, which are exempt from VAT on electricity consumption. BMG requested information from Geostat on which companies imported the aforementioned computers. According to the agency's response, they cannot provide information in order, but they did provide us with 5 companies that are leaders in this direction, although they are not listed in order.
According to the Geostat response, three of the largest importers are involved in the cryptocurrency mining sector. Among these companies is Protech Corporation LLC, which is engaged in mining cryptocurrencies from the Kutaisi Free Economic Zone. In 2024, the company already consumed 95 million kilowatt hours of electricity for this purpose. Also on the list are the companies "Axis Systems" and "Data Systems", whose addresses are in the Tbilisi Free Industrial Zone.
Since data centers are energy-intensive to operate, they are mostly located in industrial zones, which are exempt from VAT on electricity consumption. BMG requested information from Geostat on which companies imported the aforementioned computers. According to the agency's response, they cannot provide information in order, but they did provide us with 5 companies that are leaders in this direction, although they are not listed in order.
According to the Geostat response, three of the largest importers are involved in the cryptocurrency mining sector. Among these companies is Protech Corporation LLC, which is engaged in mining cryptocurrencies from the Kutaisi Free Economic Zone. In 2024, the company already consumed 95 million kilowatt hours of electricity for this purpose. Also on the list are the companies "Axis Systems" and "Data Systems", whose addresses are in the Tbilisi Free Industrial Zone.