AMD Sees Q2 Drop in GPU Sales to Crypto Miners

[felixesteban]

Chip maker Advanced Micro Devices (AMD) said Wednesday that sales of graphics cards (GPUs) to cryptocurrency miners fell during the second quarter.

The company published its quarterly earnings report late Wednesday afternoon, reporting a 3 percent quarter-to-quarter decline in revenue for its Computing and Graphics segment. The unit brought in $1.09 billion, which AMD said was a 64 percent jump year-over-year.

Still, that quarterly decline was driven in part from lower revenue from what it called "the blockchain market" – that is, miners who use AMD's graphics cards for the energy-intensive mining process.

AMD said in its report:

    "Computing and Graphics segment revenue was $1.09 billion, up 64 percent year-over-year and down 3 percent quarter-over-quarter. Year-over-year revenue growth was driven by strong sales of Radeon products and continued growth of Ryzen products. The quarter-over-quarter decline was primarily related to lower revenue from GPU products in the blockchain market."

Further, the GPU maker expects this trend to continue, but it anticipates that sales of other products will offset the decline.

Read more:
https://www.coindesk.com/amd-sees-q2-drop-in-gpu-sales-to-crypto-miners/