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Hydaway Digital Expands GPU Rental Platform and Market Presence

Story Highlights
  • Hydaway Digital has developed a direct-rental platform and is acquiring more GPUs.
  • The company aims to enhance global reach and diversify revenue through marketplace integration.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hydaway Digital Expands GPU Rental Platform and Market Presence

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Hydaway Digital Corp. ( (TSE:HIDE) ) has shared an announcement.

Hydaway Digital Corp. has completed the development of its proprietary direct-rental platform alpha model and is acquiring additional GPU hardware to expand its presence in decentralized GPU marketplaces. This initiative aims to enhance the company’s global accessibility as an infrastructure-agnostic compute provider, supporting AI training and high-performance workloads. By integrating with platforms like Clore.AI, Hydaway seeks to diversify revenue channels and maximize utilization by aligning direct rentals with marketplace demand.

More about Hydaway Digital Corp.

Hydaway Digital Corp., based in North Vancouver, British Columbia, specializes in computer rendering and GPU rental services. The company focuses on generating realistic images and animations through rendering engines, utilizing mathematical calculations and algorithms to create digital models and environments.

Average Trading Volume: 24,352

Technical Sentiment Signal: Sell

Current Market Cap: C$3.81M

Learn more about HIDE stock on TipRanks’ Stock Analysis page.

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