Hut 8’s GPU-as-a-Service launch diversifies its business into AI and cloud computing beyond Bitcoin mining.
This move aims to drive revenue growth and build a sustainable model amid challenges in the Bitcoin mining industry.
Hut 8, a major player in the crypto mining industry, has launched its GPU-as-a-Service company, which is now fully operational after deploying a cluster of 1,000 NVIDIA H100 GPUs at a Tier 3 data center in Chicago.
Our GPU-as-a-Service vertical is officially live following the deployment of our first cluster.
“The launch of our GPU-as-a-service vertical further diversifies our compute layer, which now spans AI compute, Bitcoin mining, and traditional cloud services. Consistent with our… pic.twitter.com/jaC6Hu3WG2
— Hut 8 (@Hut8Corp) September 26, 2024
Hut 8 Strategic Shift Into AI Marks a Bold Expansion Beyond Bitcoin Mining
Highrise AI, Inc., a subsidiary of Hut 8, is in charge of running the service after completing the implementation in collaboration wi
