GMO is developing two versions of the chips: V1 and V2. The V1 is a prototype and will be used in the company’s equipment in June, and the V2 will go into mass production in the fourth quarter of this year. V2 are intended both for the conglomerate’s own miners and for sale. They will also find application in GMO cloud services, which are scheduled to launch in July. The company has not yet announced the exact dates for the start of sales, but they have presented a fairly detailed plan for the development of their business, according to which sales of V2 should start in October, and pre-order will be available from July:
GMO claims that “the hashrate increases according to plan along with the amount of mined bitcoins.” Company representatives noted that they have “new factories in several locations in two countries.” According to the data presented, the hash rate in April was 241 petahesh per second, and by the end of the year it should grow to 3000 petahesh per second:
In addition to the mining business, GMO owns a crypto exchange called GMO Coin and plans to launch a cryptocurrency payment service and “become the number one digital currency industry.”
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