The Tokyo-based conglomerate was founded in the early 1990s. In September it invested a huge sum of money into a new mining venture. GMO Internet entered the cloud mining space to enable customers to rent its mining equipment’ hashrate.
GMO Internet’s new cryptocurrency mining business today has announced its new cloud mining service Z.com Cloud Mining. It will be launched approximately in August 2018.
Starting from March 1, 2018, the company will start accepting priority applications for customers who wish to use this new service. In order to whet customer’s interest, the company will hold information sessions in 9 cities across the world. The sessions will take place in Tokyo, New York, Los Angeles, London, Frankfurt, Hong Kong, Singapore, Zurich, Dubai.
The Z.com Cloud Mining service allows businesses to participate in crypto mining. The service will be renting out part of its mining facilities fully equipped with original next-generation 7nm mining chips.
A two-year rental contract for $5 million with no cancellation policy. The operation fee will include power costs, land, maintenance and security costs over the two-year period for the facility. The service will support cryptocurrencies mined on the SHA256 algorithm.