- Nvidia announced the introduction of crypto-specific CMPs in February of last year as a way of protecting sales of its flagship GPUs for gamers.
- In the second quarter of last year, Nvidia said its CMP unit generated revenue of $266 million.
- The company noted on Wednesday that while its regular GPUs are capable of cryptocurrency mining, it has limited visibility into how much mining impacts its overall GPU demand.
- Last year, Nvidia introduced hashrate limiters for its flagship GeForce GPUs to keep more products available for gamers.
- Meanwhile, Nvidia’s rival Intel (INTC) launched its own crypto mining-specific chips earlier this month, noting that mining firms Argo Blockchain (ARBK) and Griid Infrastructure, as well as Jack Dorsey-led Block (SQ), will receive the chipmaker's first mining chips later this year.
- Nvidia’s fourth-quarter adjusted earnings per share came in at $1.32, beating the consensus analyst estimate of $1.23, according to FactSet data. Its quarterly revenue of $7.64 billion also beat estimates of $7.42 billion.
- Nvidia’s shares were down about 1% in post-market trading on Wednesday.
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