The Golden Fleece project plans building the mega mining datacenter in Free Industrial Zone (tax free) in Georgia. Total investment volume of the project is $40 million. Golden Fleece secured agreements for 5,000 m2 with electricity price of $ 0.053 per kwh with two tax free zones: Poti Free Industrial Zone and Tbilisi Free Industrial Zone. Golden Fleece datacenters will use different types of equipment for mining cryptocurrencies.
Ethereum and other GPU compatible equipment will occupy majority share in the datacentre facility. Additionally, small amount of ASIC miners will be installed. Golden Fleece already implemented pilot mining datacentre project in Telavi with more than $400,000 investment including funds for land purchase. Mining farm uses MSI RX580 and Asus P106 GPU mining rigs. Showroom for any interested parties to visit opened in Tbilisi. Golden Fleece first stage datacentre is planned to be in operation in February 2018. 50% of the profit will be distributed to Golden Fleece token holders by means of dividend payout on monthly basis.