Finland's KOTKA Bitcoin Mining Facility Under Rapid Construction

Global Bitcoin Mining Overview

As of June 2023:

• Over 8 million Bitcoin mining rigs operate globally.
• Before May 2021, China dominated with 75% of global hash rate (600k+ active miners).
• By December 2022, 70% of Chinese miners shut down, most relocating overseas due to tightening regulations.

Case Study: Closed Mining Facility

• Former Sichuan Ya'an Bitcoin Farm (now decommissioned)

Finland's Bitcoin Mining Policies

Regulatory Landscape

• Cryptocurrency Laws:

  • Businesses can legally use BTC for payments
  • Income taxed at market value

• Banking & Transfers:

  • Finnish banks permitted to service crypto/fiat exchanges

• Foreign Exchange:

  • No restrictions on global crypto platform access
  • Local EUR-crypto trading pairs available

Mining-Specific Advantages

✅ No special licenses required
✅ 100% legal with proper electricity contracts
✅ Low corporate tax: 1-3% on profits + 5% dividend tax

Energy Capacity

• Abundant renewable energy sources optimized for mining

KOTKA Mining Facility Details

Strategic Location

• 200km from Helsinki
• 3km from E18 highway
• 100m from major substation

Facility Specifications

Development Phases

1. Phase 1: 20MW operational (2023)
2. Phase 2-3: Scaling to 100MW by 2024

👉 Explore Bitcoin mining opportunities

Profitability Analysis

Revenue Streams

1. Energy Cost Advantage

   • Base rate: €0.015/kWh
   • +€0.025/kWh when BTC >$40,000

2. Grid Incentives

   • 5-15% annual rebate for ≥95% power usage

3. Hashrate Sales

   • Open to global investors

FAQ

Is Bitcoin mining legal in Finland?

Yes, with standard electricity contracts and tax compliance.

What makes KOTKA facility special?

Its scalable 100MW capacity and government-backed energy incentives.

How to invest in this operation?

Through direct hashrate purchases from GNDS.

👉 Start crypto investments today

Source: Adapted from Golden Finance. Original publisher FX168 acts solely as information platform.