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

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

@anthony256
Published Tue, Apr 13 2021 7:52 PM CDT   |   Updated Mon, May 10 2021 3:32 AM CDT

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 | TweakTown.com

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".

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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