Bitmain doesn't release financial details but Bernstein's semiconductor analyst team estimates the company banked an operating profit of $3 billion to $4 billion in 2017. The Bernstein report says this is based on "conservative" estimates, so the actual profit could be even higher. For comparison, NVIDIA's profit was $3 billion during the same period. Pretty impressive given that Bitmain is just four years old.
Based on conservative estimates, the analysts calculate that Bitmain made $3 to $4 billion in operating profit last year. Bernstein’s U.S. semiconductor team estimates Nvidia’s profit was $3 billion during the same period. What’s particularly striking is that Bitmain achieved this in a mere four years, while it took Nvidia 24 years, the Bernstein analysts said in a report published Wednesday, February 21st.More details at NewsBTC.