SBI Holdings, Inc. announces that the Company has established SBI Mining Chip Co. Ltd., which engage in manufacturing of mining chips and development of mining systems, as a part of the Company's strategy on digital asset related businesses. The SBI Group strongly promote on a wide range of businesses based on the digital asset, including crypto currency exchange business and other block chain related businesses.

The Group has practiced its crypto currency mining business at overseas and has now decided to expand its business scope to the manufacturing of mining chip itself and development of mining systems, through SBIMC. To lead the business, Adam Traidman, an expert with a high level of expertise in the field of semiconductors and other electronics, has been appointed to represent SBIMC. The development and manufacturing will be conducted together with a relationship between a large semiconductor enterprise in the U.S.