- Hut 8 has launched a GPU-as-a-service business to capture the growth potential of AI.
- The Bitcoin miner says it partnered with Hewlett Packard Enterprise and AdvizeX to deploy a cluster of 1,000 Nvidia H100 GPUs.
- Hut 8 views this AI initiative as a way to diversify revenue and support long-term growth.
Hut 8, a leading energy infrastructure provider and Bitcoin miner, announced that its GPU-as-a-service offering is now live.
In an announcement dated September 26, Hut 8 said the GPU cluster is built from several HPE supercomputers, collectively powered by 1,000 Nvidia H100 GPUs.
This launch follows a partnership with Hewlett Packard Enterprise and IT services firm AdvizeX.
Hut 8 targets an AI-driven growth push
According to the press release, Hut 8’s subsidiary Highrise AI will operate the GPU-as-a-service business under a five-year agreement that defines revenue sharing and infrastructure payments.
The arrangement extends Hut 8’s operations into another compute layer that supports artificial intelligence, Bitcoin mining, and cloud services, further diversifying the company’s revenue streams.
“Consistent with our commitment to disciplined capital allocation, we believe a carefully structured AI compute business will provide both financial and strategic upside and drive accretive growth, revenue diversification, and long-term value creation,” said Hut 8 CEO Asher Genoot.
Next-generation mining hardware
The new AI compute vertical comes days after Hut 8 announced the launch of the U3S21EXPH, a new ASIC miner featuring direct liquid-to-chip (DLC) cooling.
The mining company developed the new ASIC in partnership with leading crypto mining chip maker Bitmain.
Hut 8 plans to roll out this new model in the second quarter of 2025 via hosting deployments totaling about 15 exahashes per second (EH/s).
An initial 15 EH/s deployment would increase Hut 8’s hashrate by roughly 81%, while the company said it could potentially reach 20 EH/s through its own mining operations.