Opposition politician and former President of the National Bank of Georgia Roman Gotsiridze claims that crypto-mining enterprises are destroying Georgia’s energy grid, enjoying unjustified tax and energy incentives, and effectively serving the interests of the ruling party’s business clan.

“The energy sector is being destroyed by a parasitic crypto industry whose share in the country’s revenue is virtually zero, while its impact on the economy is sharply negative. Any energy-intensive industry has the right to exist if it operates under competitive conditions and generates a profit. Crypto-mining enterprises in Georgia exist…