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Business

GMO Internet plans fund-style bitcoin mining business

Japanese company to spend $90m on mining center, proprietary chips

Specialized computers at a bitcoin mining farm in Iceland run by China's Bitmain.   © Reuters

TOKYO -- Japanese internet service company GMO Internet said Wednesday it will invest 10 billion yen ($90.4 million) in a new bitcoin mining business that will operate in part like a fund, soliciting capital from investors and paying them in the cryptocurrency.

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