Hut 8’s GPU Cluster for AI Cloud Developer Goes Live
Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...
Hut 8, one of North America’s largest Bitcoin miners, announced on September 26 that its GPU-as-a-service vertical has begun generating revenue with the full deployment of its inaugural GPU cluster for an AI cloud developer.
Located in a tier-three data center in Chicago, the cluster comprises multiple Hewlett Packard Enterprise (HPE) Cray supercomputers powered by 1,000 NVIDIA H100 GPUs, per a blog post.
Hut 8 partnered with IT service providers HPE and AdvizeX to design, configure, and commission the cluster, which will operate under its Highrise AI subsidiary. The company secured a five-year contract with the AI cloud developer, including fixed infrastructure payments and revenue sharing.
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
The launch of the GPU-as-a-Service vertical further diversifies the company’s compute layer, which now includes AI compute, Bitcoin mining, and traditional cloud services.
“A thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation,” said Asher Genoot, CEO of Hut 8.
As Hut 8 continues to scale its compute layer, the company seeks to maximize returns on its power assets and digital infrastructure portfolio.
Bitcoin mining remains a
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