Even as prices for digital currencies have soared throughout 2021, Nvidia has not cashed in on making the digital 'shovels' for miners.
Even as prices for digital currencies have soared throughout 2021, Nvidia has not cashed in on making the digital "shovels" for miners.
Nvidia said on Wednesday that CMP sales declined 60% sequentially to $105 million in the most recent quarter.Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company's event at Mobile World Congress Americas in Los Angeles, California, U.S., on Monday, Oct. 21, 2019.
Adding in $155 million in CMP sales from the May quarter, the chipmaker now says it has totaled $526 million in revenue during the product's lifetime — under 3% of the $19.27 billion in revenue the company made during that period.that overall sales were up 50% on an annual basis and that it made $3.2 billion in one quarter selling graphics cards to gamers and PC manufacturers.Nvidia's stock and sales as used graphics cards hit the used equipment market, depressing prices.
When Nvidia announced CMP cards in the spring, they were explicitly framed as a tool to keep GPU supply available for gamers, instead of industrial miners.
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