GMO Internet says it will no longer develop, manufacture, and sell Bitcoin mining hardware following significant losses incurred in Q4 2018. The Japanese IT company will instead focus on its in-house mining activities following a comprehensive revenue review. GMO Internet Downsizing Bitcoin Mining Operations In a statement Dec. 25, 2018, the IT behemoth announced the shuttering of its cryptocurrency mining hardware business. The decision follows the enormous losses suffered by GMO Internet in Q4 2018 asRead MoreThe post Japan’s Internet Giant GMO Quits Mining Hardware Bussiness appeared first on Bitcoinist.com.
