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November 10, 2020

Market Spotlight

Discussing redundant compute and unused network capacity with Cudo and The Hut Group

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The explosion in cloud computing and the gaming industry over the past few years has left a great deal of redundant compute and network capacity unused. That’s where Cudo, a tech company dedicated to capturing unused computing power, comes in. It is looking to solve this problem for companies like UK startup The Hut Group. The two companies are in a collaboration. Teana Baker-Taylor spoke with Matt Hawkins, founder and CEO of Cudo, and Dominic Rumsey, vice president of sales at THG Hosting, about gearing up for a blockchain-based world.

Rumsey works for the infrastructure provider arm of e-commerce tech provider THG. He explained some of the pain points that it experiences, saying,

(15:05) “We do a lot in fintech, adtech, gaming. But one of the challenges that we do have Teana as Matt has experienced in a previous life is that there are some times of year whereby we’re kind of sort of at a sellout. Maybe a gaming season is a good example whereby we stretch the capacity of the infrastructure that we have to offer and also the pretty massive network that we operate globally. And then there are other times of year when obviously there is capacity going spare and Cuto addresses that topic in a particularly interesting way.”

Rumsey also addressed the sectors that can benefit from this service the most, including the blockchain space, saying,

(19:34) A great juncture for any business is where they’re going from development to production. So they might be developing within public cloud but scaling within that environment is too costly or it won’t deliver the desired performance. So when they go from development to production, that’s a great time. Also, when markets hit certain maturities, so for example, some of the blockchain-related technology, as that becomes more commonplace, and organizations start moving from development to production, those types of markets really, really suit us very, very well.”

Cudo’s Matt Hawkins talked about the collaboration with THG Hosting and the type of scale that can be expected, saying,

(20:39) “From a scale, an infrastructure point of view, one of the reasons that we wanted to partner with The Hut Group is because as Dom’s just said, it’s the quality of their network. They’ve got a huge global network with very high quality infrastructure. For us, we’ve got about 20,000 nodes around the world. And what this does, The Hut Group’s network gives us real high-quality bandwidth networks, which is perfect for video streaming…audio streaming, there’s many different solutions. So for us, it gives us fantastic quality global infrastructure.”


Cudo’s Hawkins also discussed the company’s roadmap, which includes a new token that they are launching so they can use their network to provide complete oracle services to other blockchains like Algorand and Ethereum to make it much more cost effective.

The explosion in cloud computing and the gaming industry over the past few years has left a great deal of redundant compute and network capacity unused. That’s where Cudo, a tech company dedicated to capturing unused computing power, comes in. It is looking to solve this problem for companies like UK startup The Hut Group. The two companies are in a collaboration. Teana Baker-Taylor spoke with Matt Hawkins, founder and CEO of Cudo, and Dominic Rumsey, vice president of sales at THG Hosting, about gearing up for a blockchain-based world.

Rumsey works for the infrastructure provider arm of e-commerce tech provider THG. He explained some of the pain points that it experiences, saying,

(15:05) “We do a lot in fintech, adtech, gaming. But one of the challenges that we do have Teana as Matt has experienced in a previous life is that there are some times of year whereby we’re kind of sort of at a sellout. Maybe a gaming season is a good example whereby we stretch the capacity of the infrastructure that we have to offer and also the pretty massive network that we operate globally. And then there are other times of year when obviously there is capacity going spare and Cuto addresses that topic in a particularly interesting way.”

Rumsey also addressed the sectors that can benefit from this service the most, including the blockchain space, saying,

(19:34) A great juncture for any business is where they’re going from development to production. So they might be developing within public cloud but scaling within that environment is too costly or it won’t deliver the desired performance. So when they go from development to production, that’s a great time. Also, when markets hit certain maturities, so for example, some of the blockchain-related technology, as that becomes more commonplace, and organizations start moving from development to production, those types of markets really, really suit us very, very well.”

Cudo’s Matt Hawkins talked about the collaboration with THG Hosting and the type of scale that can be expected, saying,

(20:39) “From a scale, an infrastructure point of view, one of the reasons that we wanted to partner with The Hut Group is because as Dom’s just said, it’s the quality of their network. They’ve got a huge global network with very high quality infrastructure. For us, we’ve got about 20,000 nodes around the world. And what this does, The Hut Group’s network gives us real high-quality bandwidth networks, which is perfect for video streaming…audio streaming, there’s many different solutions. So for us, it gives us fantastic quality global infrastructure.”


Cudo’s Hawkins also discussed the company’s roadmap, which includes a new token that they are launching so they can use their network to provide complete oracle services to other blockchains like Algorand and Ethereum to make it much more cost effective.

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Gerelyn Terzo
Gerelyn caught wind of bitcoin in mid-2017 and after learning about the peer-to-peer nature of Satoshi's creation has never looked back. Previously she covered institutional investing and fintech for several major trade publications. Gerelyn resides in Verona, N.J.

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