Quote from the article your provided:That is the question. Is this crypto boom going to help or hinder Georgia, a country still struggling with widespread poverty?
Talking about a smaller cut, Georgia is only benefiting a little compared to what the U.S. Base cryptocurrency mining company (located in their country), Bitfury, is making, their electricity is subsidized meaning one of their operational cost is cut considerably. This company is running its operation in a equivalent of 120,000 Georgian household or 10% of the population and as a U.S. based company they are only paying either Income Tax or Capital Gains tax to served as a "fee" for their operations. Sadly it won't be enough to solve the issue of poverty in this nation. Bitfury is basically taking advantage of their situation.
They have also posted that only some of their citizens are into mining cryptocurrency, where the one they interviewed only earned 800$ by mining Zcash monthly. Not to get me wrong but 800$ is also a big amount of money but it won't help improve their economy if only few Georgians are into mining or even trading. If Georgia as a nation wants to take advantage of the situation they must encourage local competition against Bitfury or even think of ways to milk more money out of the foreign company.