GPU Manufacturing Giant Nvidia Leaves Crypto Mining
Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space. Whether it’s the industry losing steam or the simple […]
‘Substantial Decline’ in GPU Sales to Crypto Miners
Nvidia is reporting a “substantial decline” in revenue as a result of declining sales to cryptocurrency miners. In an announcement of its second quarter earnings Thursday afternoon, the graphics card maker’s CFO, Colette Kress, stated that while “GPU business revenue was $2.66 billion, up 40 percent from a year earlier,” it was “down 4 percent sequentially.” At […]
