Some vdisappointing entesThe revenues that Nvidia derived from the sale of mining GPUs dedicated to cryptocurrencies saw further significant declines during the third quarter of 2021. The product range is even stained in the company’s financial reports, which nevertheless show a company at top form on its other products and on its overall performance.

Cryptocurrency mining: Nvidia stumbles

Nvidia’s fiscal third quarter 2021 report indicated than Company’s cryptocurrency mining GPU sales are down 60% from Q2 2021from $ 266 million to $ 105 million. These sales should know another drop during the last quarter of 2021.

According to Nvidia, the total sales related to this mining infrastructure amount to $ 526 million since the launch of this product, or 3% of the company’s total revenue of $ 19.27 billion over the relevant period.

Nvidia had already failed to meet its sales targets for these specific products during the second quarter of 2021. The company’s chief financial officer, Colette Kress, had announced forecast of $ 400 million for this product line, during the conference call on the results of the first quarter of 2021. In fact, Nvidia had not finally achieved that almost two-thirds of sales forecasts in the second quarter of 2021.

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A thriving third quarter thanks to games and data centers

Despite the relatively poor performance of mining-related sales, Nvidia is showing positive overall results in the third quarter of 2021. His income reached $ 7.10 billion, an increase of 50% compared to its sales for the same period in 2020, and 9% growth compared to the previous quarter.

The games recorded a record sale of $ 3.22 billion, up 42% compared to the same period in 2020. Data center revenues amount to $ 2.94 billion, up 55% compared to the third quarter of 2020.

Nvidia had restricted its graphics cards by 50% in the second quarter of 2021, to discourage Ethereum (ETH) miners from using them to mine ether. A measure that ultimately did not take off sales for mining processors in the third quarter of 2021.

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