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Nvidia Estimates to Generate Roughly $50 Million in Revenue During its First Quarter of Sales
Summary: Nvidia CFO Colette Kress said the company estimates that between $100 million and $300 million of Q4 revenue came from Ethereum miners buying GPUs to use in their mining equipment. Nvidia reported a total of $5 billion in revenue for the Q4, implying mining sales represented 2%-6% of total. To serve the mining community, the ...
Nvidia CFO Colette Kress said the company estimates that between $100 million and $300 million of Q4 revenue came from Ethereum miners buying GPUs to use in their mining equipment. Nvidia reported a total of $5 billion in revenue for the Q4, implying mining sales represented 2%-6% of total.
To serve the mining community, the company is launching Cryptocurrency Mining Processors (CMPs), which are “optimized to improve Ethereum mining” and will give the company “more visibility” into the share of revenue contributed by cryptocurrency miners, Kress said.
Nvidia plans to sell its new CMPs to industrial Ethereum miners and expects the mining-specific product to generate roughly $50 million in revenue during its first quarter of sales.
By Amy Liu
Tags: Crypto,miner,Nvidia,Revenue
Link: Nvidia Estimates to Generate Roughly $50 Million in Revenue During its First Quarter of Sales [Copy]
