Report: Japanese giants GMO and SBI to mine Bitcoin in Texas

Announced as the future biggest bitcoin mine of the planet, the infrastructure of whinstone in Texas should welcome GMO Internet and SBI Holdings as the first customers.

According to information obtained by Bloomberg, GMO, a popular internet service provider in Japan, and the powerful group of Japanese financial services companies SBI Holdings are preparing to mine bitcoins in Rockdale in the state of Texas in the United States.

Initiated by American society whinstone – recently acquired by the German Nothern Bitcoin – and unveiled in the fall, the project aims to build the largest crypto-mining farm in the world.

According to people close to the case, SBI Holdings and GMO have agreed to start mining operations “in the coming months”. Note that GMO supports whinstone in the construction of the center since November.

“The rental of capacity at SBI Crypto, a unit of SBI Holdings, and GMO could help Northern Bitcoin attract new big investors on board, ”added the sources.

In December, Northern Bitcoin said its mine would offer initial capacity for 300 megawatts, up to 5 times more power than the Texan mine in China Bitmain, inaugurated last October.

Thanks to the relatively low price of electricity (renewable energies) and the interest of the administration for this new industry, the Texas more and more companies specializing in cryptocurrency mining.

Last year, SBI Holdings announced the creation of SBI Mining Chip, a subsidiary that focuses on the manufacturing of chips dedicated to the mining of cryptocurrencies.