Home / Crypto News / SOFTBANK announces that it has sold all shares of NVIDIA (about 398 billion yen) manufactured by mining equipment

SOFTBANK announces that it has sold all shares of NVIDIA (about 398 billion yen) manufactured by mining equipment

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ソフトバンクがマイニング機器製造のNVIDIA社の株(約3980億円分)を全て売却したことを発表

Yuji Coin Desk News

I do not like the cryptocurrency than the three meals! As you started investing in cryptocurrency in November 2017, like being interested in DApps etc. We will introduce noteworthy DApps etc. from the noteworthy news in the cryptocurrency world. My hobbies are muscle training and guitar (HR / HM). Age 21.

SOFTBANK has sold all the shares of NVIDIA Corporation , a leading GPU maker handling the manufacture of mining equipment and so on .

Softbank ‘s recently announced financial results announcement in the third quarter of 2018, as of January 2019, it is said that all shares of NVIDIA (approximately 398 billion yen as of December 31 of last year) have already been sold It was revealed.

NVIDIA plunged its stock price from 281 dollars to 134 dollars from Q 2 in 2018 to the end of Q 3.

SOFTBANK has revealed that it was able to recover a total of 5.5 billion dollars (about 600 billion yen) by purchasing shares of 3 billion dollars (about 330 billion yen) when its stock price is 105 dollars in 2016 I will.

(Image source: CNET Japan)

The mining business industry is on a downward trend, the mining major Bitmain (Bit Main) is also affected, and it is decided to close the development center in Amsterdam, The Netherlands.

Major mining company Bitmain (Bit Main) closes the development center in Amsterdam

Domestic companies’ GMO and DMM.com also decided to withdraw from the mining business due to a rise in hash rates and declines in cryptocurrency prices.

DMM also withdrew from the mining business following GMO! Is it due to the rise in hash rate and the drop in price of Bitcoin?

Article Source: CNET JAPAN

A writer who wrote this article

Yuji Coin Desk News

I do not like the cryptocurrency than the three meals! As you started investing in cryptocurrency in November 2017, like being interested in DApps etc. We will introduce noteworthy DApps etc. from the noteworthy news in the cryptocurrency world. My hobbies are muscle training and guitar (HR / HM). Age 21.

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Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/softbank-nvidia-mining/

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