Japanese Giant to Begin Bitcoin Mining

The Japanese Internet giant, a GMO, has announced its latest venture today: Bitcoin Mining. A GMO will operate a Bitcoin mining center in northern Europe, using 7-nanometer chips developed in collaboration with a relative with semiconductor design technology.

Explaining the decision to investors, GMO management said: "We believe that crypto-coins will be developed into" new universal currencies "available for use in any country or region to exchange" value "freely, creating a new economic zone without borders.

Consequently, we decided to launch Bitcoin's mining operation by leveraging our accumulated know-how in the Internet infrastructure and financial business, with the aim of contributing to the development of crypto-coins. "

Management also explains that this will provide its subsidiary, GMO Coin, Inc., with mined crypto-coins, through which the GMO Internet Group will contribute to the increased liquidity of the crypto-coins market.