Mentioned:
Hut 8 is getting ready to start construction on new state of the art data centres in America. And it’s just the beginning of their plans to be a dominant player in high performance computing.
What’s happening:
- Hut 8 (NASDAQ: HUT) is preparing to build out four new data centre locations in the United States of America for high performance computing and artificial intelligence workloads
By the numbers:
- Hut 8’s new data centres in Louisiana, Texas and Illinois will add a total of 1,530 megawatts of new capacity
- Upon completion of construction of the new data centres, Hut 8 will have a combined power capacity of 2.5 gigawatts across 19 different locations
Why it matters:
- Hut 8 has been aggressively sharpening their focus on high performance computing following the spin out of the vast majority of their Bitcoin mining machines to American Bitcoin in exchange for a significant equity stake in the Trump backed company
Going deeper:
- Cloud computing deals for artificial intelligence workloads have been continuing to make waves lately on Wall Street, which has largely been fuelled by TeraWulf (NASDAQ: WULF) cutting a multi billion dollar deal with Fluidstack that is partially backstopped by Google (NASDAQ: GOOG)
