NVIDIA Miner Sales Fall Nearly 80% at the End of 2021

Author & Guarantor: Anton Yurchenko

According to the company’s financial report, in the fourth quarter of the last fiscal year, revenue from the sale of CMP miners amounted to $24 million.

Source: bbci.co.uk

In the fourth quarter of 2021, NVIDIA’s revenue from the sale of special processors for mining amounted to $ 24 million, follows from the company’s report for the fourth fiscal quarter, which ended in January. This is a 77% decrease compared to the third quarter, in which miner sales revenue was $105 million. For the entire fiscal year (February 2021-January 2022), miner sales revenue exceeded $550 million.

NVIDIA announced the release of processors for mining cryptocurrencies CMP (Cryptocurrency Mining Processor) in February 2021. With the help of this processor, the company planned to deal with the shortage of video cards and the confrontation between miners and gamers.

In January, the demand for mining equipment increased 1.5 times. Also, the number of search queries for video cards increased by 46%. The most popular graphics cards for mining were variants from NVIDIA, the demand for which grew by 55%, interest in Radeon products increased by almost a third.

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