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Blockchain & Bitcoin Conference Cyprus
November2018

Year of record: Nvidia reported an increase in revenue due to interest in cryptocurrencies

Year of record: Nvidia reported an increase in revenue due to interest in cryptocurrencies

The GPU manufacturer NVIDIA gained record profit in 2017, Motherboard reports.

The company made $9.71 billion in 2017, that is up 41% from the previous year, the profit increased by 88%, $4.82 per share. The capitalization of NVIDIA surpassed 130 billion dollars.

The company notes that such a high profit is a result of a great interest in video games and cryptocurrencies. Gamers and miners bought Nvidia video cards, which led to a shortage of devices.

The company recommended selling cards to gamers, not miners, because they consider the cryptocurrency market to be unstable.

 

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Valeriy Gordyna

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Aleksandra Yanko

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+48(22)390 64 02, ext.100alexaya270
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