Nvidia announces Q4 financial report, crypto mining chip sales fell 77% month-on-month

On February 17, chip maker Nvidia (Nvidia) announced its fourth-quarter financial report for the previous fiscal year.

Sales of its dedicated chips for crypto mining (CMP) fell to $24 million in the fiscal fourth quarter ended Jan. 30, down 77 percent from $105 million in the previous quarter, the report showed. Nvidia announced last February its crypto-specific chips to protect sales of its flagship GPUs to gamers.

The company said yesterday that while its regular GPUs are capable of cryptocurrency mining, mining has a limited impact on its overall GPU demand. On the 11th of this month, Nvidia competitor Intel (Intel) announced that it will launch its own dedicated chip for encryption mining.