Nvidia mining GPUs bring in three times more revenue than expected

Nvidia’s new mining GPUs seems to have introduced in three times the revenue in the primary fiscal quarter of 2022 than the corporate had initially anticipated, indicating stronger demand for the cardboard as graphics card inventory struggles to fulfill hovering demand.

In a statement to traders this week, Nvidia introduced that its fiscal Q1 2022 revenue was exceeding expectations, elevating the corporate’s anticipated revenue from its new crypto mining processors (CMPs) to $150 million (about £109.1 million / AU$196.3 million), up from $50 million (about £36.4 million / AU$65.3 million).

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