Bitcoin miner Hut 8 expands AI push with new 'GPU-as-a-Service' cluster
Quick Take The GPUaaS cluster is hosted at a tier-three data center in Chicago and comprises multiple HPE Cray supercomputers powered by 1,000 NVIDIA H100 GPUs.
Hut 8 announced Thursday that it has started generating revenue from its new GPU-as-a-service offering, which rents out GPU computing power to clients. The service, which supports high-performance tasks like AI processing, became fully operational with the launch of its first GPU system for an artificial intelligence cloud developer as the bitcoin miner seeks a strategic expansion beyond cryptocurrency mining.
“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,” said Hut 8 CEO Asher Genoot. “Consistent with our commitment to disciplined capital allocation, we believe a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation.”
As with mining clusters, a computing cluster is a group of interconnected computers, known as nodes, that work together to perform complex tasks as if they were a single system. These nodes are typically linked through a high-speed network and share computational workloads to process large amounts of data or execute high-performance applications more efficiently.
A GPU cluster has multiple computers with powerful graphics processing units (GPUs) collaborating to perform intensive computations like machine learning, AI modeling or scientific simulations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Justin Sun’s allegations of FDUSD insolvency cause 9% depeg
The Binance-affiliated stablecoin lost about $200M of market capitalization

Trump's tariffs hit US stocks hard, Nasdaq plunged more than 1,000 points
Global stocks pay for Trump's tariff plan, with U.S. stocks performing worst since September 2022
Trending news
MoreCrypto prices
More








