NVIDIA expects to make $100 million more from crypto mining GPU sales

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NVIDIA's new Crypto Mining Processors (CMP) to drive $150 million sales, up from $50 million sales in earlier estimates.

Anthony Garreffa

TweakTown

Published Apr 13, 2021 7:52 PM CDT
Updated May 10, 2021 3:32 AM CDT

45-second read time

NVIDIA is selling a butt load more of its Crypto Mining Processors (CMP) than it had expected, with an expected $50 million in sales from NVIDIA CMP products up to a much higher $150 million in expected sales.

NVIDIA expects to make $100 million more from crypto mining GPU sales 08

The news comes directly from NVIDIA during their annual Investor Day, revealing that first-quarter revenue for fiscal 2022 is tracking above outlook. NVIDIA is now expecting over $5.3 million in revenue for Q1, with $100 million more expected from the sales of Crypto Mining Processors.

NVIDIA explains: "NVIDIA's market platforms include Gaming, Data Center, Professional Visualization, and Automotive. The company also raised its first-quarter revenue estimate for its new CMP product for industrial-scale cryptocurrency mining to $150 million, up from $50 million previously expected".