Cryptocurrency mining continues to push AMD’s revenue higher, but the graphics card manufacturer’s CEO believes that could level off soon.
Graphics card maker AMD reported a major sales jump in the third quarter of 2017 amid significant demand from the world’s cryptocurrency miners.
On its Tuesday afternoon earnings call, the company reported $819 million in revenues from its computing and graphics division for the third quarter of 2017, a whopping 74 percent increase over the prior year’s quarter.
While the company’s graphics processing units (GPUs) have been traditionally used by video gamers, cryptocurrency enthusiasts are quickly snatching up the tools for mining ethereum and other coins. In a possible nod to that circumstance, AMD said the revenue was “primarily driven” by strong sales of its Radeon GPUs and Ryzen desktop processors – both of which are employed for crypto-mining…
Read Full: AMD CEO Sees ‘Leveling Off’ in Cryptocurrency Mining Demand
