[2018-05-13]Nvidia Has Revealed Its Total Profit from Crypto Sales for Q1

[Vladdirescu87]

For the first time, the US-based technology company Nvidia has disclosed that it gained $289 million from the sale of company’s products, namely chips, to representatives of the cryptocurrency market in its first quarter. It also predicts much smaller revenue in the next quarter.

“Crypto miners bought a lot of our GPUs in the quarter and it drove prices up. I think that a lot of gamers weren’t able to buy into the new GeForce as a result,” Nvidia’s CEO Jensen Huang said on a conference call.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/nvidia-revealed-profit-from-crypto-sales/

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[laredo7mm]

Title is a little bit misleading - it's suggesting that NVIDIA is selling cryptocurrencies ("crypto sales"). I know it's meant profit from sales of GPUs for crypto mining.
289M out of 1.65B which was total income, is still only 17.5% which is not that surprising.