Today news
About the same in other media
Nvidia’s Q3 report reveals sharp decline in crypto mining chip sales
Reading now: 122
Although digital currencies have skyrocketed in value throughout the year, Nvidia has not made any significant profits from its cryptocurrency mining processor (CMP) line.
According to Nvidia's third fiscal quarter report, the company's CMP sales dropped by 60% sequentially in the most recent quarter, with sales of the product line expected to drop even further in the fourth quarter.
In its quarterly financial statement, Nvidia said CMP sales fell from $266 million in the second quarter to $105 million in Q3, which ended in October.
Nvidia claims to have made $526 million in revenue throughout the product's existence, roughly 3% of the total revenue of $19.27 billion over the same period. The company's overall income has been driven almost
Read more on cointelegraph.comAbout this in other media
ProShares’ BITO ETF has ‘first mover’ advantage, AUM grow 147%, report reveals ambcrypto.com /2 years ago
Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager cointelegraph.com /2 years ago
Wasabi Lightning Wallet Grant, Binance's New Integration & Funding, Norway Crypto Mining Ban Talk + More News cryptonews.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
