Bitcoin Mining Corp Buys $30 Million of Nvidia CMP GPUs

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It appears that at least someone is sold on Nvidia’s Cryptocurrency Mining Processor (CMP) offerings. Hut 8 Mining Corp., one of the world’s largest and oldest Bitcoin mining companies, has put in an order worth $30 million for Nvidia’s CMP graphics cards. Nvidia will start delivering the order starting May 2021, and Hut 8 Mining Corp. plans to get everything up and running by the summer.

With the purchase, Hut 8 Mining Corp. hopes to increase its mining operations substantially. The company estimates a collective performance up to 1,600 Gigahash. The incorporation of Nvidia’s CMP devices will also allow Hut 8 Mining Corp. to venture into alternative blockchain networks as well as extending its current mining business.

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