Japan’s Internet Giant mines over 900 Bitcoin

Japan’s Internet Giant GMO has mined over 900 Bitcoins and 537 Bitcoin cash so far. The company has suffered a first-quarter loss after Japan’s financial regulator ordered it to improve.

The report:

The Internet giant released a report which detailed cryptocurrency mining business for April this week. The company said that:

We are currently mining bitcoin (BTC) and bitcoin cash (BCH).

The company has mined 373 BTC and 0 BCH in April. In March, it mined 295 BTC and 12 BCH and in February 124 BTC and 287 BCH. Overall, GMO has mined 906 BTC and 537 BCH so far since it began operation.

The company has also detailed about the rose of the hash rate in the report. Due to the increased number of computer’s operation, the hash rate was improved and increased as compared to past.

GMO says:

Hash rate is an important indicator for estimating our mining share. Our goal is to see the hashrate reach 3,000PH/s this year.

Source: news.bitcoin.com

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