Golden Fleece (ICO)

About Golden Fleece
Golden Fleece is a Georgian cryptocurrency mining company based in Tblisi, Georgia.

They aim to build a cryptocurrency mining datacentre in Georgia, taking advantage of the local government's strong support of cryptocurrency development. This includes access to cheap electricity, guaranteed at 0.053 USD/kWh, with 80 % of the energy being renewable, coming from local hydropower plants, and discussions with British partners to install further solar and wind capacity to power expansions of the mining facility.

The Georgian government is very friendly towards cryptocurrency entrepreneuring, and provide a blockchain- and datacentre-friendly environment with no regulations on cryptocurrency, which has led to other blockchain technologies, such as BitFury, to build data centres in Georgia already.

Golden Fleece aim to build a 5000 m2 data centre in Western Georgia, with a planned start of mining in February 2018. The overall aim is to mine profitable cryptocurrencies, focusing mainly on Ethereum and GPU compatible altcoins, but ASIC mining capacity will also be available.

In the longer run, Golden Fleece plans to set up a mining data centre in Singapore.