NVIDIA expects to earn $ 50 million from CMP sales in the first quarter

NVIDIA expects to earn $ 50 million from CMP sales in the first quarter
  • NVIDIA reports record sales and with them an outlook for demand for CMP products for the next quarter.
Cryptocurrency Mining Rig

In Wednesday’s conference call, NVIDIA announced that for the first time in history, it managed to achieve sales of $ 5 billion in the fourth quarter.

The company’s main income was, as always, the gaming industry, where sales increased by 67%, but renewed interest in cryptocurrency mining was also one of the factors that supported record sales.

Nvidia’s chief financial officer, Colette Kress acknowledged that “The entire 30-series lineup has been hard to keep in stock and we exited Q4 with channel inventories even lower than when we started,” and the situation is unlikely to improve in the near future “Although we are increasing supply, channel inventories will likely remain low throughout Q1.

However, as we informed you last week, the company came up with a new business strategy that should improve this situation when it introduced the new Cryptocurrency Mining Processors (CMP) for professional mining.

Colette Kress said the company expects about $ 50 million from CMP sales in the first quarter.

Recall how CMPs are different from GeForce:

  • CMP products are special because they lack display outputs, enabling improved airflow while mining so they can be more densely packed.
  • CMPs also have a lower peak core voltage and frequency, which improves mining power efficiency.

Read also: The former CEO of the London Stock Exchange sees cryptocurrencies as an opportunity for the UK

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