Hardware

Nvidia cryptocurrency mining GPU sales soar towards $555 million in six months

Nvidia cryptocurrency mining GPU sales soar towards $555 million in six months

Nvidia planned to shift $50 million worth of CMP, or Cryptocurrency Mining Processors, in its first quarter of 2021. It sold $155 million. And if that wasn’t a sign of the increasing demand for graphics cards intended for the sole purpose of mining virtual coins, Nvidia expects to more than double that figure in Q2 CMP sales.

During its Q1 2022 earnings call transcript (Nvidia’s corporate calendar is very odd), Nvidia reports an assumed outlook of $400 million for CMP graphics card sales in Q2.

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