GMO will cease production of equipment for mining due to huge losses

Japanese IT giant GMO Internet has decided to stop the production of mining equipment because of the huge financial losses in the fourth quarter, according to official documentation.

It is noted that the company will completely stop developing, producing and selling miners.

At the same time, GMO will try to transfer its mining capacities to regions with cheaper energy tariffs and the possibility of switching to alternative energy sources.

Recall earlier it became known that the Japanese IT giant GMO Internet will postpone indefinitely the delivery of two lines of bitcoin miners based on a 7-nm chip.

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