Chipmaker Nvidia’s Cryptocurrency Mining Processors (CMP) revenue fell to $24 million in the fiscal fourth quarter ended Jan. 30, down 77% from 105 million dollarsin the quarterbeforepage
Nvidia announced CMP, a dedicated chip for crypto mining, in February of last year. As a way to protect the sale of GPU graphics cards for gamers.
In the second quarter of last year, Nvidia said its CMP built266 million in revenuedollar
The company said Wednesday that either graphics cards, or GPUs, could mine cryptocurrency, but the launch of the CMP was due to mitigate the impact on overall GPU demand, which has driven prices up significantly.
inmeetRecently hosted by Wall Street investment bank Needham, Nvidia said:Products based on NVIDIA AMPE architecture Almost all of them have hashrate limits to prevent crypto miners from using those products to mine.
Meanwhile, Nvidia rival Intel (INTC) launched a dedicated chip for crypto mining earlier this month, with Argo Blockchain (ARBK) and Griid, as well as the Jack Dorsey-led Block (SQ) getting its first chip. from chip makers at the end of this year
Nvidia’s fourth-quarter earnings per share (EPS) was $1.32, above analyst expectations of $1.23, according to FactSet data. Quarterly revenue of $7.64 billion was also above expectations. at 7.42 billion dollars
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