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Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment

Japan’s GMO Internet has postponed the shipments of its two lines of 7nm bitcoin mining rigs. A representative of the company has clarified the situation to news.Bitcoin.com, noting that some refunds have already been issued. In addition, the company is planning to relocate its mining operations.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Shipments Postponed

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining EquipmentGMO Internet announced on Nov. 12 that it has postponed the shipments of its 7nm ASIC bitcoin mining equipment. The company has two lines of mining rigs: B2 and B3. The former was scheduled to start shipping at the end of October and the latter in November.

A representative of GMO revealed to news.Bitcoin.com on Tuesday that the shipments of both lines have been postponed, elaborating:

It is because the parts we need for our mining machines are actually very difficult to acquire right now … It is difficult to acquire some of the electronic components, such as resistors, due to the tight global supply-demand balance.

He added that the company has not decided whether any miners will be shipped this year.

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment

GMO Internet launched the B2 line in June and the B3 line in July. In August, the company upgraded the B3 case shape design in order to improve its cooling performance and operational stability. Both B2 and B3 are priced at $1,999 and are sold out.

The representative also emphasized that refunds will be issued to any customers who ask for them, noting:

We asked our customers whether they wish us to refund at the time of delay announcement. So far, we have already completed issuing refunds to customers who demanded them.

Relocating Mining Operations

Through its Swiss subsidiary, GMO engages

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