Nvidia's revenue from the sale of mining chips fell by 77% – Bits Media

Income of the largest video card manufacturer Nvidia from the sale of mining chips for the last quarter 2021 years were reduced to $24 million.

Compared to the third quarter, the decline was 77%, Moreover, the third quarter was not very successful, if you believe financial report. In total for the fiscal year the company received $550 million in income from the sale of mining chips. In the fourth quarter, in addition to this area of ​​activity, all others showed growth. for instance, sales of gaming video cards increased by 37%.

Nvidia specifically limited the hashrate when mining cryptocurrencies on its gaming video cards, but the company's efforts were not very effective. This was 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, however, the deal was not approved by regulators. Work on the deal could distract management from adjusting work on mining chips, which affected sales results.

Previously reported, that Intel, working on its own video accelerators with Arc architecture, does not plan to limit cryptocurrency mining on its devices.