GMO Internet refuses to issue bitcoin miners amid “colossal losses”
Japanese Internet Corporation GMO Internet Group refuses to manufacture equipment for mining bitcoin, writes Cointelegraph with link on documents in which company reported about “colossal losses” for the fourth quarter of this of the year.
“Taking in attention current changes in the business space, the company predicted an unfavorable scenario for own assets in the field of mining, in connection with than accepted decision fix a colossal loss, “the document says.
Earlier it became known that the decline in the profitability of Bitcoin mining along with him at the cost of forcing many miners to abandon of this classes and liquidate his equipment at bargain prices. Chinese mining giant Bitmain recently closed its research unit in Israel and can get rid of a significant part of the remaining staff.