Bitcoin miner Hut 8 expands AI push with new 'GPU-as-a-Service' cluster
Hut 8 announced Thursday that it has started generating revenue from its new GPU-as-a-service offering, which rents out GPU computing power to clients. The service, which supports high-performance tasks like AI processing, became fully operational with the launch of its first GPU system for an artificial intelligence cloud developer as the bitcoin miner seeks a strategic expansion beyond cryptocurrency mining.
“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,” said Hut 8 CEO Asher Genoot. “Consistent with our commitment to disciplined capital allocation, we believe a thoughtfully structured AI compute business will be accretive both financially and strategically and drive topline growth, revenue diversification, and long-term value creation.”
As with mining clusters, a computing cluster is a group of interconnected computers, known as nodes, that work together to perform complex tasks as if they were a single system. These nodes are typically linked through a high-speed network and share computational workloads to process large amounts of data or execute high-performance applications more efficiently.
A GPU cluster has multiple computers with powerful graphics processing units (GPUs) collaborating to perform intensive computations like machine learning, AI modeling or scientific simulations.
