GMO Internet Group Takes Big Hit in Mining Revenue Yet Increases BTC Rewards

Japan’s GMO Internet Group has published a report on its in-house crypto mining operations. The IT giant confirmed that it took a steep hit in its overall GMO mining revenue. However, it steadily increased its monthly BTC mining rewards.

GMO Mining Revenue

The company showed “extraordinary loss” from its hardware manufacturing sector in Q4 of 2018. As a result, GMO said it will “no longer develop, manufacture and sell” miners.

The company only entered the mining hardware sector in 2017, so that was very short-lived.

However, while it will close its hardware …