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Mining company Hut 8 purchases specialized NVIDIA CMP HX graphics cards for $ 30 million
Canadian company Hut 8 acquires specialized NVIDIA CMP HX graphics cards for cryptocurrency mining for $ 30 million. The acquisition will allow the company not only to start mining various altcoins, but also to implement its own projects based on blockchain networks, reports Yahoo Finance with reference to the press release Hut 8.
Hut 8’s FY2021 revenue diversification and immediate short-term and long-term revenue growth targets will increase the company’s aggregate hashrate by 1,600 gigahashes.
According to NVIDIA CFO Colette Kress, who spoke at the shareholder meeting on the occasion of the closing of the fourth quarter of last year, the company plans to sell specialized video cards CMP HX in the amount of $ 50 million by the end of the first quarter of 2021. Thus, the purchase of Hut 8 covered 60% of the expected sales of NVIDIA.
Hut 8 does not specify which models of specialized CMP HX video cards were purchased. At the moment, NVIDIA has started open sales of only the youngest accelerator CMP HX 30HX. Its efficiency in Ethereum mining is 26 Mhesh / s. It is very likely that this particular model was purchased by Hut 8.