GMO already mining bitcoins worth millions of dollars

Mining company, launched by the Japanese it company GMO Internet, over the past three months has brought more than $ 3 million.

According to the report published on March 5, the company reported that in December, January and February it produced 23 BTC, 93 BTC and 124 BTC respectively. The total cost is approximately us $ 2.67 million.

In addition, the company reports that during the same period, the company managed to namain 525 bitcoin cash in an amount approximately equal to 654 000 us dollars. In total, the mining company GMO has brought a little more than $ 3.3 million in revenue within a few months from the start of work.

However, the data provided by the GMO does not give a complete picture of the financial condition of the mining company, as it is unclear how much the operating costs.

In their report, GMO also spoke in detail about the growth of the company’s capacity. At the end of February, the capacity was 108 petahash per second (PH/s). And by the end of February, GMO plans to reach 3000 PH/s . Currently, the total capacity of the Bitcoin network, according to some estimates, is 22.125 PH/s.

GMO is also planning to provide cloud hashing services since August of this year.

You may also like...

Leave a Reply