Hut 8 Forecasts Revenue Surge from AI Venture by 2024

Thursday, 4 July 2024, 09:36
Hut 8 anticipates a significant increase in revenue from its AI vertical, with revenue generation expected to commence in the second half of the year. The company is utilizing NVIDIA H100 GPUs for testing, indicating a strong commitment to AI development and profitability in the near future. This move aligns with Hut 8's strategic focus on leveraging AI technology for enhanced financial performance and market competitiveness.
Seeking Alpha
Hut 8 Forecasts Revenue Surge from AI Venture by 2024

Hut 8's Revenue Expectations

Hut 8 foresees revenue growth from its AI vertical by 2024. The company is set to start generating revenue in the second half of the year.

Utilization of NVIDIA H100 GPUs

Hut 8 is testing its AI capabilities with NVIDIA H100 GPUs, showcasing a dedicated approach to technological advancement.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe