A Tokyo-listed company is spending over $300 million to get into bitcoin mining

GMO Internet Group, based in Tokyo, normally does incredibly boring things like registering domain names and hosting web services.GMO announced today that it plans to spend more than $320 million to start mining bitcoin in the first half of next year. Some $10 million is available for Bitcoin miners to accumulate each day, at the current bitcoin price of around $4,600. The firm says cryptocurrencies like bitcoin will evolve into “universal currencies” that will create a global “borderless economic zone.”

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