Incomes of the largest manufacturer of video cards Nvidia from the sale of mining chips for the last quarter of 2021 decreased to $24 million.
Compared to the third quarter, the decline was 77%, and the third quarter was not too good, according to the financial report. In total for the fiscal year, the company received $550 million in revenue from the sale of mining chips. In the fourth quarter, in addition to this area of activity, all other activities showed growth. For example, sales of gaming video cards grew by 37%.
Nvidia specifically limited the hash rate when mining cryptocurrencies on its gaming graphics cards, but the company’s efforts were not very effective. This has become one of the reasons for the weak demand for specialized mining devices.
Also in 2021, Nvidia was going to buy Arm from the financial conglomerate SoftBank, but the deal was not approved by regulators. Working on a deal could distract management from adjusting work on mining chips, which affected sales results.
Earlier it was reported that Intel, which is working on its own video accelerators with Arc architecture, does not plan to limit cryptocurrency mining on its devices.
Source: Bits
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