GMO Internet Co., Ltd.
(hereinafter, GMO Internet) announced today that we started the virtual currency mining business on Wednesday, December 20, 2017 through a European corporation.
The virtual currency mining business is carried out by using existing mining equipment at facilities (mining center) installed in Scandinavia. From now on, we will gradually introduce equipment and expand our business.
The mining facility will be equipped with a computing power at 500 petahashes per second (PH/s).
"The cryptocurrency mining business will use existing technology to mine from facilities (mining centers) in Northern Europe. GMO Internet will increase the size of the operation in phases, expanding the business," GMO said in its statement.
In addition, with the aim of realizing a high-performance computer (next generation mining board)
that performs mining now, together with a partner company with semiconductor design technology, a semiconductor chip (mining chip) utilizing state-of-the-art 7 nm
(* 1) We are 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 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.