NVIDIA Sells $30 Million Worth of Cryptocurrency Mining Processors to Bitcoin Mining Company

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NVIDIA’s decision to begin a lineup of GPUs dedicated specifically for cryptomining appears to be working out great for the company already. As spotted by Tom’s Hardware, Hut 8 Mining Corp., one of the world’s biggest Bitcoin mining companies, has placed a massive order of Cryptocurrency Mining Processors (CMP) worth $30 million. The collective performance of these graphics cards is said to reach up to 1,600 Gigahash, which presumably equates to a frightening level of energy consumption.

“The adoption and the development of applications interacting with various blockchain networks have never been stronger, opening many possibilities across a variety of industries,” said Jaime Leverton, CEO of Hut 8. “We are incredibly excited to have these high performance CMPs in our fleet. We believe mining with CMPs will open up new opportunities for Hut 8 and will allow us to continue to execute on our long- and short-term plans for increased and diversified revenue streams.”

Source: Tom’s Hardware

Tsing Mui
News poster at The FPS Review.

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