Here’s How Much Nvidia Actually Made from Crypto Mining Sales

Joseph Young

Updated Fri, Feb 1, 2019, 8:13 PM

According to a report by Markets Insider, Nvidia generated $1.95 billion in revenue from its crypto business.

Although the official financial statement of the company disclosed a $602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher.

“We think NVDA generated $1.95 billion in total revenue related to crypto/blockchain. This compares to company’s statement that it generated around $602 million over the same time period,” Steves said.

Did Crypto Cause Nvidia to Underperform?

Read the full story on CCN.com.

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million
Jeff Bezos amassed his wealth through Amazon stocks and owns hundreds of millions of dollars worth of real estate, but one of his most valuable possessions may surprise you: art. Among his collection is the renowned piece "Hurting the Word Radio #2 (1964)" by Ed Ruscha, purchased by Bezos for almost $53 million. This artwork, a prime example of Ruscha’s text-based paintings, stands as a signature piece in Bezos’ collection. As concerns over stock market volatility persist, the world’s wealthiest
Benzinga
Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years
The Oracle of Omaha has purchased shares of his favorite stock for 23 consecutive quarters.
Motley Fool
McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores
(Bloomberg) -- McDonald’s Corp. is looking to launch a $5 meal deal in the US that the burger chain is betting can lure penny-pinching consumers back in.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsAckman Scolded Over DEI Views at Closed-Door Milken SessionJim Simons, Code Breaker Who Mastered Investing, Dies at 86Ford Cuts Battery Orders as EV Losses Top $100,000 Per CarThe deal could include a
Bloomberg
Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen
Broadcom just ended the reign of Nvidia, usurping the top spot on this list of new buys by the best mutual funds.
Investor's Business Daily
Here's the Income and Net Worth You Need to Reach the Top 50% of American Households
Americans can improve their net worth through prudent budgeting and smart investments.
Motley Fool
The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.
The Department of Transportation and the Consumer Financial Protection Bureau are exploring possible regulation of the credit-card rewards system and the frequent-flier programs linked to them, officials said at a joint hearing held by the DOT and CFPB on Thursday.
MarketWatch
Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage
(Bloomberg) -- At a time when the US is looking to attract more skilled workers to semiconductor manufacturing, many current employees are rethinking whether they want to stick around, according to a McKinsey & Co. report that underscores the chip industry’s labor challenges.Most Read from BloombergElon Musk Pledges to Grow Supercharger Business He Just DecimatedBiden Set to Hit China EVs, Strategic Sectors With TariffsJim Simons, Code Breaker Who Mastered Investing, Dies at 86Ackman Scolded Ove
Bloomberg
Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn
Donald Trump told oil industry executives he would dismantle Joe Biden’s pro-electric vehicle agenda as he asked for $1bn (£800m) to help return him to the White House, it has been claimed.
The Telegraph
Macrogenics Stock Drops 77% After Study Deaths
MacroGenics shares plunged 77.4% on Friday, erasing $773.2 million in market value, after the biotech reported late Thursday that five patients died in a study of the company’s cancer drug. MacroGenics said two of the deaths were deemed unrelated to the drug, known as vobra duo, according to researchers. “The cause and effect with regard to the drug is still being investigated,” Chief Executive Scott Koenig said of the three deaths on the company's first quarter earnings call on Thursday.
The Wall Street Journal
With Apple entering the fight, the AI chip wars have gone nuclear
The AI PC chip wars are going nuclear as Apple officially joins the fight with its M4 processor.
Yahoo Finance

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Here’s How Much Nvidia Actually Made from Crypto Mining Sales

Did Crypto Cause Nvidia to Underperform?

Recommended Stories

Jeff Bezos' Most Prized Possession Breaks Historical Auction Records At Almost $53 Million

Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years

McDonald’s Will Offer a $5 Meal Deal to Lure Customers Back Into Stores

Nvidia Dethroned: This AI Chip Stock Now Rules This Elite Screen

Here's the Income and Net Worth You Need to Reach the Top 50% of American Households

The feds may crack down on credit-card rewards programs. Here’s what that means for your points and miles.

Chip Workers Are Likely to Quit Jobs, Worsening Labor Shortage

Trump ‘offered to block electric car rollout’ as he asked oil bosses for $1bn

Macrogenics Stock Drops 77% After Study Deaths

With Apple entering the fight, the AI chip wars have gone nuclear