Skip to main content

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4


Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4


Bitcoin and cryptocurrency mining have provided a consistent and growing market for the computer hardware manufacturers that produce the relevant chips for each segment. The main player on the GPU side (in contrast to ASIC mining) in 2017 was Nvidia, but even it could not anticipate the strong demand from miners as the year progressed.
Also Read: Nvidia Tries to Limit GPU Sales to Cryptocurrency Miners

Mining Boosts Earnings

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4Nvidia Corporation (NASDAQ: NVDA), the graphics processing unit (GPU) manufacturer, has reported a record revenue for the fourth quarter (which ended January 28, 2018) of $2.91 billion, up 34 percent from $2.17 billion a year earlier. The company achieved this peak financial performance, at least in part, thanks to strong demand from cryptocurrency miners which buy its graphics cards in bulk.
“We achieved another record quarter, capping an excellent year,” said Jensen Huang, founder and chief executive officer of Nvidia. “In a powerful sign of our progress, attendees at Nvidia’s GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.”

Up to $230 Million in Mining Revenue

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4“Strong demand in the cryptocurrency market exceeded our expectations,” Nvidia Chief Financial Officer Colette Kress said in the company’s fourth-quarter earnings call. “While the overall contribution of cryptocurrency to our business remains difficult to quantify, we believe it was a higher percentage of revenue than the prior quarter. That said, our main focus remains on our core gaming market, as cryptocurrency trends will likely remain volatile.” He added, “We modeled crypto approximately flat” for next quarter.
Analysts following the stock estimated the impact, which the CFO was reluctant to quantify, in the hundreds of millions. RBC Capital Markets’ Mitch Steves evaluated that Nvidia’s cryptocurrency revenue rose to $180 million in Q4 from just $70 million the previous quarter. BMO Capital Markets Ambrish Srivastava predicted that in total the mining segment constituted more than $230 million for the period. “We had said the company needed to beat and raise, and it sure did, and then some,” Srivastava wrote in a note to clients. “Crypto likely had a hand to play in the results.”
Can GPU manufacturers depend on demand for cryptocurrency mining helping their earnings long term? Tell us what you think in the comments section below.

Comments

Popular posts from this blog

Paypal Verified Virtual Card (USD/Crypto)

Virtual Prepaid Cards for Online payments  (USD and Crypto cards) I am using in some virtual cards because virtual is more easily,fast and short waiting time than plastic. this post will be useful who need easily and urgent payments at online. 1. Entropay.com (USD) - Virtual Card Entropay is best virtual card service since 2010 and most of the website accept their cards and securities is best. Good facts : Most of the websites accept their card Load by Bank Transfer and Credit/Debit Card no need to verify for $500 limit amounts. Card creation is instant.  Bad facts : they don't accept ecurrencies including bitcoin Some countries restrict for creating card Bank account and Credit Card need to verify. Mean you can't create different entrypay account. Card creation will complete by first time loading. 2. epaycharge.tech (USD/Crypto)- Virtual Card epaycharge.tech is one of the ecurreny virtual debit card which connect with astropay card vendor serivice ...

Making Virtual Visa Card

  (Watch on Youtube:   https://www.youtube.com/watch?v=-2cBUsnJevk ) No need to verify. No need any documents. Many cards can create by different emails. World Wide avaliable Loading & Unloading by many payments like Epay, pm , payeer and crypto and withdraw by bank and cards .   Useful Facts -Deposit and withdraw money from trading and gambling websites are working well. ( I am using in many football betting websites  ) -Can withdraw to local Banks or local cards - and others payments like as paypal, facebook, amazon, ebay, alibaba, skype, online hotel booking, online air plane ticket and so on...    

Bitcoin Exchanges

Bitcoin Exchanges Bitcoin can be swapped at any cryptocurrency exchange for traditional currencies like Dollars, Euros or Renminbi. There are two types of cryptocurrency exchanges, regular and peer-to-peer. Regular Bitcoin Exchanges These are marketplace platforms, owned by third parties (intermediaries). You deal only with the Platform; it executes your transaction in the open market and a service fee is payable. How do regular bitcoin exchanges work? register - credible platforms require personal, online verification. fund your Bitcoin wallet – transfer Bitcoin in, or link your fiat bank account and purchase Bitcoin. trade Bitcoin – enter a buy/sell order on the platform; it updates the exchange’s common ledger called the order book ; your order gets matched and your Bitcoin wallet adjusts automatically. A service fee is charged. What are the key benefits of working through a regular bitcoin exchange? goodwill – you can verify an exchange’s cre...