According to a report by Markets Insider, Nvidia generated $1.95 billion in revenue from its crypto business. Although the official financial statement of the company disclosed a $602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher. “We think NVDA generated $1.95 billion in total revenue related to crypto/blockchain. This compares to company’s statement that it generated around $602 million over the same time period,” Steves said. Did Crypto Cause Nvidia to Underperform? In the third quarter of 2018, Nvidia chief financial officer Colette Kress told investors to not expect any
Here’s How Much Nvidia Actually Made from Crypto Mining Sales by CCN
* First published on ccn.com
