{"id":39670,"date":"2021-03-26T21:57:30","date_gmt":"2021-03-26T19:57:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39670"},"modified":"2025-08-30T10:45:27","modified_gmt":"2025-08-30T07:45:27","slug":"hut-8-buys-nvidia-cmp-mining-gpus-for-30-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/hut-8-buys-nvidia-cmp-mining-gpus-for-30-million\/","title":{"rendered":"Hut 8 buys Nvidia CMP mining GPUs for $30 million"},"content":{"rendered":"<p>Canadian Hut 8 Mining Corp <a href=\"https:\/\/hut8mining.com\/hut-8-expands-mining-capacity-with-30-million-usd-purchase-of-nvidia-cmps\" target=\"_blank\" rel=\"noreferrer noopener\">completed<\/a> a deal to purchase Nvidia CMP mining GPUs for $30 million, aimed at expanding its mining business beyond Bitcoin.<\/p>\n<p>Equipment deliveries will begin in May 2021, and the company expects its full deployment to be completed within the summer.<\/p>\n<p>The acquired devices will increase Hut 8&#8217;s total hash rate by 1.6 TH and will allow it to diversify its cryptocurrency mining business through Ethereum and other altcoins.<\/p>\n<p>According to <a href=\"https:\/\/www.coindesk.com\/hut8-nvidia-mining-gpu-purchase\" target=\"_blank\" rel=\"noreferrer noopener\">CoinDesk<\/a>, Nvidia CEO Colette Kress said she expected mining processor sales in the first quarter of 2021 to reach $50 million. The deal with the Canadian firm accounts for more than half of that amount.<\/p>\n<p>The first photographs of RTX 30-series specialised GPUs for professional mining on Nvidia chips <a href=\"https:\/\/u1f987.com\/en\/news\/first-pictures-of-nvidias-mining-focused-graphics-card-published\">appeared in mid-March<\/a>.<\/p>\n<p>These crypto-mining devices lack video outputs. In gaming GPUs, Nvidia limited mining performance at the firmware level, but enthusiasts <a href=\"https:\/\/u1f987.com\/en\/news\/nvidia-driver-lets-geforce-rtx-3060-protection-be-bypassed\">broke through the protection<\/a> with the help of an official test driver.<\/p>\n<p>Hut 8 <a href=\"https:\/\/u1f987.com\/en\/news\/barry-silberts-foundry-to-expand-mining-capacity-with-hut-8-equipment\">joined the Foundry USA mining pool<\/a>, launched earlier by Barry Silbert&#8217;s Digital Currency Group subsidiary.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Hut 8 Mining Corp completed a $30 million purchase of Nvidia CMP mining GPUs to expand its mining business beyond Bitcoin.<\/p>\n","protected":false},"author":1,"featured_media":39671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1136,1294],"class_list":["post-39670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-hut-8","tag-nvidia"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=39670"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39670\/revisions"}],"predecessor-version":[{"id":39672,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39670\/revisions\/39672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/39671"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=39670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=39670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=39670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}