Chipmaking giant Nvidia Corp.’s revenue from cryptomining processors dropped by over 75% in the three months ended December compared to the previous quarter.
The decline comes as Ethereum miners anticipate the second largest cryptocurrency’s switch to a less intensive proof-of-stake consensus mechanism, which would no longer require powerful graphics cards or specialised computers to secure transactions.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!