GMO Had a Plan to Take Down Bitmain; Now It’s Bidding Bitcoin Mining Goodbye

GMO Had a Plan to Take Down Bitmain; Now It’s Bidding Bitcoin Mining Goodbye

More than a year after launching an in-house mining business, Japanese internet conglomerate GMO Internet has announced that it will no longer, develop, manufacture, or sell cryptocurrency mining equipment. In a statement, the Japanese tech firm disclosed that the decision was prompted by challenging business conditions which resulted in an “extraordinary” consolidated quarterly loss totaling

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