Canadian company bought 60% of video cards for mining from Nvidia

Nvidia accused of reporting $1 billion worth of mining GPU sales as gaming  revenue | TechSpot

Canadian company Hut 8 announced the purchase of specialized mining video cards from Nvidia in the amount of $ 30 million

Canadian mining company Hut 8 bought specialized video cards from Nvidia for cryptocurrency mining. The company announced this in an official press release.

The deal was worth $ 30 million, which is about 60% of Nvidia’s projected sales. We will remind, at the end of February, Nvidia predicted to sell specialized video cards for mining in the amount of $ 50 million. It is expected that the supply of video cards will begin in May and end in the summer of 2021.

Nvidia redirects interests

Together with a batch of video cards from Nvidia, Hut 8 plans to increase the computing power by 1600 gigashes. As stated in Hut 8 itself, video cards will mine the cryptocurrency of alternative blockchains, while retaining the benefit of payments in bitcoin.

For the first time, Nvidia announced specialized video cards in mid-February. Then the company decided to limit the hashrate of ordinary video cards of the GeForce RTX 3060 series.

However, the American company also paid attention to the miners. Then the video card manufacturer announced its intention to release new, more powerful Cryptocurrency Mining Processors (CMPs) that are suitable for mining the ether (ETH) cryptocurrency.

At the same time, according to insiders, the company is already working on a new mining device with a capacity of almost two GeForce RTX 3090 video cards. According to preliminary information, the power of the new product will be 210Mh / s, and the video card will cost around $ 3000.

It should be noted that the development of a new product hardly means the end of the shortage of video cards. Despite the plans of the video card manufacturer, the deficit may remain until the end of the year. As previously reported by the editorial staff of BeInCrypto, initially Nvidia predicted that the deficit would remain only until April.

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