HUT 8 BUYS $30 MILLION NVIDIA CMP CARDS

The Hut 8 digital coining people have bought $30 million worth of NVIDIA CMP cards.

The addition of the NVIDIA CMPs is set to dramatically increase Hut 8’s aggregate operating rate by approximately 1600 Gigahash. Hut 8 will use the NVIDIA CMPs to mine alternative blockchain networks and expand its mining business while maintaining the benefit of payouts in Bitcoin.

Hut 8 is one of the oldest and largest bitcoin miners in the world. Hut has one of the highest installed capacity rates in the industry and is #1 globally in held, self-mined Bitcoin of any crypto miner or publicly traded company.

Hut 8 has 2 data centers in Alberta, one in Medicine Hat and the other is in Drumheller. Alberta is energy rich and Hut 8 is taking advantage of the low operating costs.