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08.12 - 09:05
Nvidia’s Q3 report reveals sharp decline in crypto mining chip sales
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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
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