2 years ago
Chipmaker Nvidia’s (NVDA) Cryptocurrency Mining Processors (CMP) gross fell to $24 cardinal successful its fiscal 4th fourth ending Jan. 30, a 77% diminution from $105 million successful the erstwhile quarter, according to its filings.
The institution noted connected Wednesday that portion its regular GPUs are susceptible of cryptocurrency mining, it has constricted visibility into however overmuch mining impacts its wide GPU demand.
Last year, Nvidia introduced hashrate limiters for its flagship GeForce GPUs to support much products disposable for gamers.
In a caller conference hosted by a Wall Street concern slope Needham, Nvidia said that astir each of its Ampere-based products volition incorporated a hashrate limiter to deter crypto miners from utilizing those products for mining.
Meanwhile, Nvidia’s rival Intel (INTC) launched its ain crypto mining-specific chips earlier this month, noting that mining firms Argo Blockchain (ARBK) and Griid Infrastructure, arsenic good arsenic Jack Dorsey-led Block (SQ), volition person the chipmaker's archetypal mining chips aboriginal this year.
Nvidia’s fourth-quarter adjusted net per stock came successful astatine $1.32, beating the statement expert estimation of $1.23, according to FactSet data. Its quarterly gross of $7.64 cardinal besides bushed estimates of $7.42 billion.
Nvidia’s shares were down astir 1% successful post-market trading connected Wednesday.
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Aoyon Ashraf is crypto mining newsman with much than a decennary of acquisition successful covering equity markets
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