Nvidia mining GPUs bring in three times more revenue than expected

Nvidia’s new mining GPUs appears to have brought in three times the revenue in the first fiscal quarter of 2022 than the company had originally anticipated, indicating stronger demand for the card as graphics card stock struggles to meet soaring demand.

In a statement to investors this week, Nvidia announced that its fiscal Q1 2022 revenue was exceeding expectations, raising the company’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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