Japanese clothing retailer Mac Housd rebrands as Gyet, adding multiple new crypto businesses

BlockBeats News, September 18, according to Beincrypto, Japanese casual clothing retailer Mac House announced that its shareholders' meeting has approved the company's name change to Gyet Co.Ltd., marking a strategic shift towards the cryptocurrency and digital asset sector. The company's revised articles of incorporation include a broad range of digital businesses, such as cryptocurrency acquisition, trading, management, and payment services, as well as cryptocurrency mining, staking, lending, and liquidity mining. In addition, it covers blockchain system development, NFT-related projects, as well as research on generative artificial intelligence and data center operations.

Previously, Gyet had launched a bitcoin acquisition plan worth $11.6 million and tested mining operations in U.S. states such as Texas and Georgia, where electricity costs are relatively low, with the goal of holding more than 1,000 BTC.