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25 November 2020

Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million | Hardware Bitcoin News

Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million | Hardware Bitcoin News


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Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million.

Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips.

The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion.

The graphics processing units produced by Nvidia are mainly used in video game consoles and graphics cards but they have also become popular with cryptocurrency miners, particularly those extracting coins like ethereum (ETH), monero (XMR), and zcash (ZEC).

What do you think about Nvidia’s rising sales of graphics processing units to crypto miners.

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