Yes, you have read it right, this insane USD amount was generated by a firm called GMO Internet since December last year. The Japanese owned company has released a report revealing that they made a total of 238 BTC during the three months interval. At the time of the release, that was a stunning $2.39 million. Besides mining BTC, they also generated a total of 525 BitcoinCash, an equivalent of $660.000 which results in a grand total of $3 million in just three months of operation. This might not be totally comprehensive, as the costs of mining were not included in the data sheet, but still quite an admirable number.

If you were wondering on what amount of hash you need to acquire these numbers, well, we have that answered: their project started with an impressive number of 22 petahashes per second (PH/s) and reached 108 PH/s by the end of February. They are aiming to have a rate of 3000 PH/s before the end of this year.

Bitcoin difficulty is constantly growing even though Bitcoin reached a 20 day low, but this makes us think that we are not yet in a bear market.

The firm has its headquarters in Tokyo and they operate over 60 companies across 10 countries. They started their mining operations back in September of 2017 with their setup in Northern Europe with the usage of renewable energy only. Besides the mining operation they have another agenda which is to create advanced mining boards that can make use of 12 NM chips. According to the plan, they are going to release the mining boards by the end of the first half of 2018.