Hut 8 Mining, one of the largest publicly traded bitcoin miners in North America, is finalizing its acquisition of US Bitcoin Corp - a move that expands Hut 8's hashrate capacity and diversifies its operations into Ethereum mining as well. The all-stock deal was first announced in August 2022 and will create more scale for Hut 8 in the competitive digital asset mining market.
Meanwhile, decentralized cloud computing network io.net partnered with on-demand GPU renderer Render Network this week. The collaboration aims to bolster io.net's capacity to provide GPUs for AI model training by leveraging Render's platform of over 30,000 GPUs. As machine learning adoption grows, so does demand for massively parallel computing power.
Partnerships like io.net and Render showcase an emerging ecosystem around Web3 infrastructure. Networks like Render allow suppliers of spare data center and GPU capacity to monetize assets by serving various cloud-based workloads. The integration helps io.net source additional specialized hardware for its users on demand.
The developments highlight the growth in supporting tools and services to aid cryptocurrency miners and blockchain networks. As the industry matures, a full-stack of solutions now exists - from mining rig manufacturers to token traders to ancillary hardware and software providers. Robust service availability improves access and efficiency for all participants.
Guest: Sue Ennis, Hut 8 Mining - Head of Investor Relations, Corporate Development and Marketing Follow Sue on Twitter! ➜ https://twitter.com/bigsuey Hut 8 Mining website ➜ https://bit.ly/Hut8Mining
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