Source: ARK Disrupt Issue 128: June 12, 2018. By @bhavanaARK

Japanese internet player, GMO Internet, has become an active player in the blockchain technology space. Group Director Masatoshi Kumagai has focused the company on Bitcoin technology and its potential to create a borderless economic zone. GMO operates its own exchange and mining operation.  It also pays a portion of employee salaries in bitcoin.

Since it started mining operations last September, GMO has mined more than 900 bitcoin and 500 bitcoin cash and has launched a new mining rig, the GMO Miner B2, which tops Bitmain’s Antminer S9 in performance. Designed to optimize the mining process for bitcoin and bitcoin cash and powered by leading edge 7 nanometer chips, GMO Miner B2 has a hash rate of 24 Th/s, 50%+ higher than the market leading Antminer S9 rig, though it consumes 50% more power at 1950W per unit as well.

GMO’s new rig will introduce much-needed competition to the crypto mining space which now is heavily dependent on Chinese chip designers and operators. Also, it likely will accelerate Bitmain’s move from 16nm to the next process node as competitive intensity in the cryptocurrency mining equipment space elevates.

View original article and other research here.


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Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.