GMO's cryptocurrency business earned $2.3M profit in Q2

posted 4 months ago
Japanese IT giant GMO reported making an operating profit of $2.3 million for its cryptocurrency business in the 2nd quarter of this year. The firm's latest financial report revealed the company's crypto segment made $23 million in net revenue. The amount generated in the crypto segment was almost equally split between the mining and exchange businesses.

Also, the firm appears to have increased its mining capacity in the 2nd quarter. The company mined 512 bitcoins in the first quarter of this year, which is less than the 528 bitcoins GMO mined in June 2018 alone.
Tags: news, bitcoin