Brief: Japanese tech giant GMO will start mining bitcoin


Date: 22.02.2018

The news (extracted from Quartz):

  • Japanese internet giant GMO just announced its cryptocurrency mining plan. The Tokyo-based company aims to spend more than 10 percent of its non-current assets, which amounts to US$320 million, to start mining bitcoin in the first half of 2018.
  • GMO plans to develop its own mining chips, claiming they will operate at an unprecedented degree of efficiency. The proposed chips will use 7nm [nanometer] nodes, four times more energy efficient than the current industry standard of 16nm nodes.

Why it matters:

GMO Internet 

GMO Internet is Japanese provider of a complete range of internet solutions.

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