NVIDIA is the maker of GPUs used in crypto mining operations, it has given full credit to mining with its massive growth this year. CFO and CEO have commended cryptocurrencies and Blockchain, citing the company’s growth because of them.
Collette Kress, NVIDIA CFO stated that cryptocurrency mining is one of the main reason for the growth of company throughout the year. The mining operations have improved and so the need for GPUs continues to rise. Especially, with the current run up in Bitcoin prices making mining profitable.
Kress said: “We served a large portion of this specialized market with a dedicated board for mining cryptocurrency.”
CEO on board
Jen-Hsun Huang also expressed his belief in cryptocurrencies and Blockchain, says:
“Cryptocurrency and blockchain are here to stay. Over time, [cryptocurrency] will become quite large. It is very clear that new currencies will come to market. It’s clear the GPU is fantastic at cryptography. This is a market that is not likely to go away soon. Our strategy is to stay close to the market”.
Strangely, competitor AMD has taken the position that cryptocurrencies will not noticeably boost its long term sales.