Japan’s GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

Japanese conglomerate GMO Internet Group published its first quarter results for the fiscal year 2018 last week. During the earnings results presentation, the company outlined its plans for the sale of its long-awaited 7nm bitcoin mining chips.

Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining ChipsGMO is building two versions of the chip, dubbed V1 and V2. The former is the initial prototype of the 7nm mining chip. The latter is for mass production of the 7nm mining chips, which the company plans to use in-house for its own mining operations, sell to the public, and use in cloud mining.

V2 is now being designed and will enter the mass production phase in the fourth quarter of this year.

Sale of 7nm Chips Starting Soon
In its presentation, GMO has revised its mining business plans from the fourth quarter of last year. The company now indicates that its mining operations are initially based on store-bought mining computers, and in roughly June the 7nm (V1) operation will commence and in approximately October the 7nm (V2) operation will be underway.