GMO Internet Co., Ltd. the Japanese technology conglomerate announced today that it finally has started its virtual currency mining business through a European corporation. First announced back in September, the virtual currency mining business is carried out by using existing mining equipment at facilities installed in Scandinavia. From now on, the company says it will gradually introduce equipment and expand the business. With the goal of realizing a high-performance mining board together with a partner company in semiconductor design technology with a semiconductor chip utilizing state-of-the-art 7 nm, GMO Internet says it is also promoting research and development.
The introduction of the next generation mining board using this mining chip is scheduled for the first half of 2018.
The company stated:
“GMO Internet will support the healthy operation of the virtual currency which is the “global common new currency” through mining business making full use of the know-how of the Internet infrastructure business and net finance business that we have cultivated up to now.”