11:48 AM EDT, 09/26/2024 (MT Newswires) -- Hut 8 ( HUT ) , a bitcoin miner, on Thursday said its GPU-as-a-service vertical has begun generating revenue as the inaugural GPU cluster for an AI cloud developer comes fully online.

The cluster is hosted at a tier-three data center in Chicago. It is composed of multiple Hewlett Packard Enterprise Cray supercomputers powered by 1,000 NVIDIA H100 GPUs.

Hut 8 ( HUT ) has a five-year agreement with the AI cloud developer that provides for fixed infrastructure payments and revenue-sharing.

"The launch of our GPU-as-a-service vertical further diversifies our compute layer, which now spans AI compute, Bitcoin mining, and traditional cloud services," said chief executive Asher Genoot.

Hut 8 ( HUT ) shares were last seen up $0.90 to $17.80 on the Toronto Stock Exchange.

Price: 17.78, Change: +0.88, Percent Change: +5.21