Here’s How Much Nvidia Actually Made from Crypto Mining Sales

According to a report by Markets Insider, Nvidia generated $ 1.95 billion in revenue from its crypto business. Although the official financial statement of the company disclosed a $ 602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher. “We think NVDA generated $ 1.95 billion in total revenue related to crypto/blockchain. This compares to company’s statement that it generated around $ 602 million over the same time period,” Steves said. Did Crypto Cause Nvidia to Underperform? In the third quarter of 2018, Nvidia chief financial officer Colette Kress told investors to not expect any

Here’s How Much Nvidia Actually Made from Crypto Mining Sales by CCN

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Secretive Chinese bitcoin mining company just revealed a new chip that could hurt AMD, Nvidia

Bitmain dominates the "bitcoin" industry with its specialized ASIC chips that are more efficient at mining than graphic chips from AMD and Nvidia. Bernstein has said Bitmain likely made as much as Nvidia did last year. Analysts estimate that most of Bitmain's revenue is generated by selling mining rigs …
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Nvidia CEO maintains that cryptocurrency mining “is not their business”

After noting that cryptocurrency mining represents only a small fraction of NVIDIA's GPU business, CEO Jensen Huang distanced himself from the Bitcoin market, stating, “We're not involved in Bitcoin at all. Bitcoin [mining] is done largely by ASICs today.” Unlike the GPU, which can handle a range of …
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Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4 (news.bitcoin.com)

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.
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Bitcoin and Nvidia Price Soar in Sync (news.bitcoin.com)

The stock price of chipmaker Nvidia and the value of Bitcoin continue to skyrocket almost in sync. These two technology disruptors, in their respective fields, are propelling amazing technological and economic changes. Their significance is being clearly reflected in the financial markets, as the values of both NVDA and BTC reach all-time highs.
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