Jensen Huang of Nvidia talks with the press at CES 2018. He was one of the few presenters to take questions from the press.
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Nvidia CEO: Cryptocurrency mining drove a spike in graphics-chip sales

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Nvidia reported better-than-expected earnings for its fiscal fourth quarter that ended on January 31. The company said it’s earning non-GAAP revenues of $1.72 a share on revenues of $2.91 billion. Analysts had expected $1.16 a share on revenue of $2.68 billion.

It makes you wonder if all of those rumors about cryptocurrency mining driving up the prices of graphics processing units (GPUs) are true. But for the past couple of quarters, Nvidia hasn’t acknowledged much contribution to its bottom line coming from mining-related sales. That led to a bit of a mismatch between Nvidia’s stellar financial results — which sales of graphics chips for games and artificial intelligence have driven — and the anecdotal chatter about how it was hard to find any graphics cards anymore because of miners.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.