Nvidia invoices $ 30 million in GPUs for mining in one sale

Nvidia invoices $ 30 million in GPUs for mining in one sale
Nvidia invoices $ 30 million in GPUs for mining in one sale
Nvidia made a sale of about $ 30 million in GPUs for mining. Shortly after the creation of CMP (Cripto Mining Processor), it appears that the specific video cards for mining will be output.

The manufacturer expected to achieve $ 50 million in GPU sales for mining in the quarter, already reaching 60% of the target in a single sale.

The buyer is the crypto mining company Hut 8, which will receive the equipment in May and expects to start operating by the summer of the northern hemisphere, in the middle of the year.

Based in Canada, Hut 8 is recognized in the cryptocurrency industry, with its shares even listed on the Toronto Stock Exchange.

The company takes advantage of the strategic location to make its operations profitable. With Canada’s icy climate, cooling systems often involve outside air circulation. In addition, the country has huge reserves of oil and gas, guaranteeing relatively cheap electricity contracts.


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(Hut 8 operations center in cold Alberta, Canada – Credits: Disclosure / Hut 8)

As the shipments arrive only from next month and it is a big negotiation, it is possible that it involves Nvidia CMP models not yet known. Anyway, the Hut 8 team seems to be excited about the new GPUs.

“The adoption and development of applications that interact with varied blockchain networks has never been stronger, opening up many possibilities across a variety of sectors. We are incredibly excited to have these high-performance CMPs in our fleet. We believe that mining with CMPs will open new opportunities for Hut 8 and allow us to continue executing our long – and short – term plans for high and diversified revenue sources “

“The adoption and development of applications that interact with varied blockchain networks has never been stronger, opening up many possibilities across a variety of sectors. We are incredibly excited to have these high-performance CMPs in our fleet. We believe that mining with CMPs will open new opportunities for Hut 8 and allow us to continue executing our long – and short – term plans for high and diversified revenue sources “

(Jaime Leverton, CEO da Hut 8)

(Jaime Leverton, CEO da Hut 8)


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As the decline in mining performance on gaming boards does not seem viable, the demand for specific GPUs that this sale demonstrates may be the way out for gamers to buy their hardware at less absurd prices.

It is worth remembering that, in addition to Nvidia CMP, we can also have AMD GPUs targeted at mining. If the rumors are real, they will have RDNA architecture.

Via: coindesk, Tom’s Hardware

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