ECOS is an Armenia-based company founded in 2017 with a focus on creating a Free Economic Zone for high-tech IT startups utilizing blockchain technology and AI. In October 2018, an agreement was signed between ECOS and the Government of Armenia for the establishment of the Free Economic Zone. Subsequently, in December 2018, the digital cluster, including support and development of mining infrastructure, was inaugurated. The first resident, ECOS-M, launched its equity mining service, ECOS Cloud Mining, within the Free Economic Zone. Moreover, ECOS-M and the Hrazdan TPP signed an agreement to allocate more than 200 MW of power capacity for the construction of an industrial mining center, designed for hundreds of thousands of devices. The company operates in industries such as Blockchain, Crypto, Finance, Financial Services, and Information Technology.
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