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.