The latest news, obtained from Japan suggest they are moving towards the new cryptocurrency mining technology. The firm called GMO announced that they are developing a new 7nm semiconductor chip.
The purpose of it is obvious, faster and more efficient mining. The budget for this type of development is $10 billion yen. Japan already spent $3 million.
In US dollars, the value of this project is around $90 million. GMO also announced that they will open a new facility in Europe. It will be responsible for minim specifically.
This is the first major internet company that began focusing on cryptocurrency mining.