Nvidia, which has recently stepped into the industry with the production of video cards for cryptocurrency mining, announced that there was a stagnation in video card sales for mining in the last quarter of 2017, but that they will continue to be active in this area.
The company announced its third quarter results on November 9th. According to data from Bloomberg: Revenue for cryptocurrency mining-related products fell from $150 million in the second quarter to $70 million. claimed to be directed by According to Nvidia chief financial officer Colette Kress, the cryptocurrency market is “volatile” and therefore will not affect the company’s focus on the core gaming market. ” Huang added:
“For a while, we’ll see the cryptocurrency industry be a small part of our business, but it won’t be zero”
The CEO is committed to their products. He went on to point out that demand from miners fluctuates “with the flow of the market” and is replaced by the market’s wealth. Huang previously said that the company has long-term hopes in the cryptocurrency industry and blockchain space.
coindesk
Follow us on social media: Twitter / Telegram / Facebook