The Japanese giant GMO Internet announced its intention to take the leading positions in the sphere of mining of crypto-currency. Separate office will be opened in Northern Europe. This is reported on the official website of the company.
According to the publication, GMO Internet has already involved in its project a mining center that uses renewable energy resources of Northern Europe, which allows cutting costs through low energy consumption.
GMO Internet Mining Centre
As the capacity accumulates, the company also plans to offer cloud solutions in the field of mining and sales of related equipment.
Through test operation using current technology, we confirmed that a certain level of profitability could be secured, and therefore GMO Internet officially decided to launch the cryptocurrency mining business.
In its activity, the company intends to use the latest 7 nm * 1 chips and is currently working with partners in the field of semiconductors in research and development of high-performance computing graphics adapters.
It is expected that GMO Internet will begin cryptocurrency mining in the first half of 2018.