DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
June 26, 2019 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 197 people online.

 

Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
 

Follow us
RSS
 

Bitmain more profitable than NVIDIA in 2017

Posted on Friday, March 02 2018 @ 11:25:49 CET by


Analysts estimate Chinese cryptocurrency giant Bitmain was more profitable than NVIDIA in 2017. The Beijing-based startup is the world leader in the Bitcoin market, the firm produces ASICs for others and also has its own mining farms.

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.



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba