Nvidia expects $150 million profit from the production of CMP chips for the first quarter 2022 of the year – Bits Media

The largest manufacturer of video accelerators Nvidia expects, what for the first quarter 2022 financial year, the company's profit from the production of chips for the extraction of cryptocurrencies will exceed $150 million.

In February it was reported, that Nvidia will launch a special chip for mining cryptocurrencies under name CMP (Cryptocurrency Mining Processor) and, to make it more attractive for miners, Limit the hashrate on rtx graphics cards 3060. Looks like, Sales of devices go even better, than expected:

“The company increased the expected profit from the new CMP product for industrial mining cryptocurrencies to $150 million. Previously expected, that the profit will be $50 million ", -says in the NVIDIA press release.

Company representatives did not provide more detailed data about, How many devices were produced and sold. However, the Hashrate of the Ethereum network is the most popular cryptocurrency, mined using video accelerators - continues to grow. This contributes to the growth of the entire cryptocurrency market, so the growth of the ether course. In early April, the price of ETH for the first time in history reached $2 150.

Recall, what, As it became known earlier, Ethereum miners were able to circumvent the restrictions on the hashrate on the Nvidia RTX video cards 3060.