Cryptocurrency mining and manufacturing giant Bitmain lost about $500 million in the third quarter of 2018, CoinDesk has learned.
AMD announced it saw "negligible" revenue from selling graphics cards to the crypto mining community over the past quarter.
The La Jolla, Calif.-based bank, which went public on the New York Stock Exchange under the trading symbol SI in November, released its earnings report before market open on Wednesday.
Jul 25, 2018
GPU sales for cryptocurrency mining fell quarter-over-quarter, AMD announced in its Q2 report on Wednesday.
During its quarterly earnings call, Mastercard CFO Martina Hund-Majean said cross-border volume is down due in part to bans on crypto purchases.