NVIDIA sold $70 million cryptocurrency cards in the Q3, half as much as previous quarter

Another interesting tidbit from the NVIDIA third-quarter earnings call is the revelation that the company sold $70 million of custom cryptocurrency mining cards during the quarter. That's down from $150 million the quarter before. These are the GPUs that are made specifically for the mining market. How many GPUs the company sold in total to miners is impossible to guess because a lot of miners are also buying off-the-shelf GeForce cards.

Atif Malik
Colette, on the last call, you mentioned that crypto was $150 million in the OEM line in the July quarter. Can you quantify how much crypto was in the October quarter? And expectations in the January quarter directionally? And just longer-term, why should we think that crypto won't impact the gaming demand in the future? If you can just talk about the steps anybody has taken with respect to having the different mode and all that?

Colette Kress
So in our results, in the OEM results, our specific crypto boards equated to about $70 million of revenue, which is the comparable to the $150 million that we saw last quarter. NVIDIA CEO Jen-Hsun Huang stresses that cryptocurrency is not a particularly important market for the company. He thinks crypto will be around for some time, but describes it as a part of the business that is small for NVIDIA but not 0.