Sales of Nvidia’s chips for mining fell by 60%

Follow us on telegram

The indicator was $105 million in the third quarter

Sales of Nvidia’s chips for mining fell by 60%

20.11.2021 - 07:55

314

1 min

0

What’s new? Sales of Nvidia's line of cryptocurrency mining processors (CMP) fell by 60% in the third quarter, from $266 million to $105 million. This is according to the organization’s reports.

Link to the Nvidia message

What does the reporting say? The drop in the indicator came on the back of Ethereum's price rise of more than 30% between July and September.

“We do not know how much cryptocurrency mining has affected the sales rate graphics processing unit (GPU). The volatility of digital asset prices can affect demand for our products and our ability to predict it,” Nvidia points out.

What are the company's overall indicators? Nvidia's revenue grew 50,3% year-on-year to $7,1 billion, with net income up 84,4% to $2,46 billion.

Author:

yanazakomoldina

Useful material?

Telegram Newsletter Twitter

Mining

Moscow investigator detained for BTC bribe of $24 million

The bribe became a record for law enforcement officers in Russia

Jun 5, 2023

Incidents

Atomic Wallet users lose $35 million in wallet hacks

The project’s team stated that less than 1% of monthly active users were affected by the attack

Jun 5, 2023

Market

Santiment analysts record a surge in LTC transactions

Experts have linked this to the upcoming halving on the altcoin’s network

Jun 2, 2023

Market

Elon Musk is accused of Dogecoin insider trading

The group of investors amended the claim they filed in June 2022 about a pyramid scheme

Jun 2, 2023

Market

Rosbank was the first bank in Russia to launch cross-border payments in cryptocurrency

The Russian fintech company B-crypto is responsible for the technical support of the process

Jun 2, 2023

Mining

Bitcoin miners’ revenues rise by almost 14% in May

The profit growth took place amid an increase in the number of transactions on the network

Jun 2, 2023