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GMO 2018 Crypto Report: Loss of 12 Million US Dollars

Liang CHE

Summary: According to coindesk.com, Japanese Internet and IT giant GMO announced its financial results for fiscal year 2018 on Tuesday. The crypto business lost 1.36 billion yen, or about $11.75 million, and the net sales were $74.51 million, including exchanges and mining departments. In addition, GMO also announced that it will change its cryptocurrency mining business ...

According to coindesk.com, Japanese Internet and IT giant GMO announced its financial results for fiscal year 2018 on Tuesday. The crypto business lost 1.36 billion yen, or about $11.75 million, and the net sales were $74.51 million, including exchanges and mining departments. In addition, GMO also announced that it will change its cryptocurrency mining business policies, including relocation to new mining centers. Regarding the plan of the stable currency GYEN, the company said that work is proceeding as planned and it is planned to be launched in overseas markets later this year.