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.

Do you want to advertise here? Contact us

Related posts

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe