Cryptonyooz - Fastest source of your Bitcoin news Nvidia earned $289 Million from Crypto Sector - Cryptonyooz

Nvidia earned $289 Million from Crypto Sector

World’s leading GPU manufacturer Nvidia has revealed its revenues for the Q1. The reports have mentioned separately the revenue generated by the crypto market.

The company on Q1 Fiscal Results: The total revenue increased 66 percent year-over-year, and 10 percent sequentially, to a record $3.21 billion. All platforms that include Gaming, Professional Visualization, Datacenter, and Automotive have produced growth.

Nvidia Detailed that:

GPU business revenue was $2.77 billion, up 77 percent from a year earlier and up 12 percent sequentially, led by Gaming and Datacenter. OEM [original equipment manufacturer] sales included $289 million related to GPUs for cryptocurrency mining.

Nvidia’s CEO shared few words on this massive revenue:

Crypto miners bought a lot of our GPUs in the quarter and it drove prices up. I think that a lot of gamers weren’t able to buy into the new Geforce as a result.


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