Graphics card maker Nvidia has said the downturn in sales to crypto miners drove a drop in revenue in Q4, despite a record year overall.
Nvidia has cut its 4Q revenue forecast, which already factored in reduced demand for GPUs used in crypto mining.
Nvidia has seen a "substantial decline" in revenue from cryptocurrency miners, the company announced in its second quarter results Thursday.
Nvidia is supporting a blockchain startup as part of its Inception Program, which seeks to support artificial intelligence development.
Taiwan-based motherboard producer ASRock confirmed that some of its new GPUs are meant for cryptocurrency mining.
Nvidia must produce more graphics processing units to offset demand from crypto miners, says its CEO.
AMD expressed concern in a new SEC filing about the potential impact of a drop in GPU demand from crypto miners.
Nvidia CEO Jen-Hsun Huang commented on the rise of cryptocurrencies in an interview Friday, saying they are "not going to go away."
Demand from cryptocurrency miners for GPU maker Nvidia's products was bigger than anticipated in the fourth quarter of last year.
GPU maker Nvidia has tweaked its software license agreement to limit the use of its products by data centers – unless they're mining…
