Bitcoin mining has evolved into a capital-intensive industry driven by volatile market conditions, technological advancements, and energy costs. In 2020, a Bitcoin mining project, worth $ 11 million of investment was proposed in Republic of Georgia but was never realized. This study retrospectively evaluates the project's financial viability by comparing its initial valuation forecasts with actual market data from 2021 to 2024. The original valuation employed a multi-method approach, integrating…