NVIDIA Is Selling $30 Million Worth Of CMP Series Mining Cards To A Bitcoin Mining Corporation
https://wccftech.com/nvidia-sold-30-million-worth-of-cmp-series-cards/
After hearing about the NVIDIA CMP series of cryptocurrency mining cards, we didn't really learn too much about who would actually be purchasing them. Now, we know one customer who is ready to implement a lot of the CMP mining cards. Hut 8 Mining Corp. has put in a $30 million order with NVIDIA for CMP mining cards.
Hut 8 Mining Corp. is already one of the largest and oldest Bitcoin mining companies and this purchase looks to greatly expand their mining capacity. NVIDIA will start delivering the CMP mining cards in May of 2021 and Hut 8 plans to implement them all by the summer. This purchase will increase Hut 8's mining capacity by 1600 Gigahash. In terms of consumer GPUs, 1600 GH/s is equivalent to running roughly 13,333 RTX 3090s which have a hash rate of 120 MH/s. Hut 8 also mentioned that they will be using the CMP cards to venture into an alternative blockchain network and expand their current operation. The CEO of Hut 8, Jaime Leverton, was certainly excited to purchase the CMP mining cards.