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Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

Published 03/22/2019, 08:28 AM
Updated 03/22/2019, 09:03 AM
Japan: SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22.

SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its influence in the mining sector through the creation of SBI Mining Chip Co., Ltd. (SBIMC).

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