GMO Internet Mining Power to Rise Significantly

The Japanese giant mined almost 2 000 000 USD in February
06 March 2018   1398

In February, the Japanese conglomerate GMO Internet Group earned about $ 1.8 million with mining. In a month, the company produced 124 bitcoins and 287 Bitcoin Cash, reports Finance Magnates.

Compared to January, the productivity of GMO mining farms has grown significantly - then the company produced 93 BTC and 25 BCH. Thus, in February bitcoins were produced by 30% more, and the volume of received BCH grew more than 10 times.

It is noted that during the same period, the company's total hashrate increased from 27 to 108 PH / s, demonstrating a fourfold increase. According to GMO representatives, by the end of 2018 the organization plans to reach the level of 3000 PH / s.

For comparison, San Francisco company BitFury, which accounts for about 1.6% of the world's production capacity, mine a crypto currency with a frequency of about 295 PH / s. Thus, GMO Internet has already reached about a third of this hashrate in just two months.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   80

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.