Japanese IT giant GMO Internet reported that in the third quarter it earned an all time high 2.6 billion yen ($ 22.8 million) through the production of mining equipment and a cryptocurrency exchange. This is stated in the company's report.
According to the document, in October, the services of the GMO Coin cryptocurrency exchange were used by over 200,000 people, and the volume of trading amounted to about 89 billion yen ($ 781 million). It also says that the company's revenues in the cryptocurrency sector grew by 34.4% compared with the previous quarter.
Although revenues from mining equipment fell in the second and third quarters, they nevertheless increased in the third. According to GMO, in October its hashrate will be 674 PH / s, but the company plans to increase this value to 800 PH / s by the end of the year.