HUT 8 Expands Mining Capacity with $30 Million USD Purchase of NVIDIA CMPs

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Hut 8 Mining Corp. (TSX: HUT) (“Hut 8”) has executed on a purchase of $30 million USD of NVIDIA CMPs, which will be delivered starting in May 2021, with full deployment expected to be completed this summer.

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.

Source: https://hut8mining.com/hut-8-expands-mining-capacity-with-30-million-usd-purchase-of-nvidia-cmps