Cryptocurrency News

Nvidia cites limited visibility into crypto mining’s impact on Q2 results

08/25/2022

Less than a minute

2022.08.25 11:01

Nvidia cites limited visibility into crypto mining’s impact on Q2 results

Graphics card giant Nvidia (NASDAQ:NVDA) CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday.

The chip giant released its financial results for the three months ended July 31, which revealed a 19% quarter-on-quarter drop in revenue to $6.5 billion, while net income fell 59% to $656 million.

08/25/2022

Less than a minute

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