ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Cryptocurrency mining comes to Japan's countryside

Cheap electricity, subsidies draw Tokyo startup and young IT talent

A technician checks servers at Alt Design's cryptocurrency mining operation at a former lace factory in the central Japanese city of Fukui. (Photo by Kotaro Fukuoka)

TOKYO -- It is early June, and an air of enthusiasm fills a former lace factory in Fukui, a city of around a quarter million people on the Sea of Japan coast. Around 500 servers fill a space the size of three tennis courts, radiating heat through the building, as cooling fans whir. Employees sweat constantly.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more