BTC miner Hut 8 pivots to AI as BTC earnings dry up
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As BTC block benefit mining revenues dry up, miners are rotating to expert system (AI) to ride the wave back to success. The current is Hut 8 (NASDAQ: HUT), among the biggest United States miners, now providing AI customers GPU-as-a-Service.
Hut 8 just recently revealed the launch of the service, exposing that the inaugural GPU cluster is now online and creating earnings. Hosted in Chicago and run by Hut 8 subsidiary Highrise AI, the cluster makes up 1,000 Nvidia (NASDAQ: NVDA) H100 GPUs powering several Hewlett Packard Enterprise Cray supercomputers.
"Consistent with our dedication to disciplined capital allowance, our company believe an attentively structured AI calculate organization will be accretive both ...