{"id":327440,"date":"2021-08-19T11:44:37","date_gmt":"2021-08-19T08:44:37","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nvidia-fails-to-sell-as-many-crypto-mining-gpus-as-expected-in-q2\/"},"modified":"2021-08-19T11:44:37","modified_gmt":"2021-08-19T08:44:37","slug":"nvidia-fails-to-sell-as-many-crypto-mining-gpus-as-expected-in-q2","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nvidia-fails-to-sell-as-many-crypto-mining-gpus-as-expected-in-q2\/","title":{"rendered":"# Nvidia fails to sell as many crypto-mining GPUs as expected in Q2"},"content":{"rendered":"

“# Nvidia fails to sell as many crypto-mining GPUs as expected in Q2 <\/strong>”
\n<\/p>\n

Nvidia beat the expectations by generating over $6.5 billion in revenue, but the chip manufacturer missed the target for its crypto-mining GPU line.<\/p>\n

The California-based tech giant announced<\/a> its financial results for its second fiscal quarter ended Aug. 1, 2021. Key highlights include $6.51 billion in revenue, 15% up from the first quarter, and $1.04 billion earnings, both largely bolstered by gaming, data center and professional visualization equipment sales.<\/p>\n

With the addition of GeForce RTX 3080 Ti and RTX 3070 Ti, the gaming segment led the record growth with $3.06 billion in revenue and an 85% growth from last year. Nvidia\u2019s data center business brought in $2.37 billion in revenue, while its professional visualization products earned $519 million.<\/p>\n

Nvidia announced that the company is expecting $6.80 billion in revenue in the third fiscal quarter. <\/p>\n

However, one key area fell short of expectations, the earnings call revealed<\/a>. During the first-quarter earnings call, Nvidia CFO Colette Kress predicted<\/a> a $400 million revenue for the company\u2019s cryptocurrency mining processor (CMP) line for Q2. Nvidia saw $266 million in CMP sales in the second fiscal quarter, missing its target by a one-third gap. The CMP line was introduced in February and made $155 million in the first quarter.<\/p>\n

Related: GPU price inflation dips slightly as Ether downtrend continues<\/em><\/strong><\/p>\n

Nvidia is having a hard time balancing the supply between hardcore game<\/a>rs and crypto miners for its high-end graphics units. The company introduced hash rate limiters to its RTX 3060 series<\/a> graphics cards to limit the crypto mining capabilities of the units. <\/p>\n

At the end of May, Nvidia said it would be app<\/a>lying a reduced Ethereum hash rate to its newly manufactured GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards. Coming with a \u201cLite Hash Rate\u201d label, new cards are strictly aimed to meet the demand from gamers rather as opposed to crypto miners.<\/p>\n

Explaining that the company\u2019s recent efforts to limit the hash rate of gaming graphics cards aim to ensure enough chip supply for gamers, Kress said the company expects a \u201cminimal contribution\u201d from its crypto-related sales from now on.<\/p>\n