Opinion: Nvidia could deliberately understate financial performance in the mining sector

Royal Bank of Canada analyst Mitch Steves said that the total income of the Nvidia corporation in the mining sector could be $ 1.95 billion, which is almost twice the official figures of $ 602 million. Business Insider reports .

Steves estimated the hashrate of Ethereum and several other cryptocurrencies, which are mined on video cards, for the period 2017-2018 and concluded that Nvidia could understate its financial performance.

Note that to verify the truth of the words of the analyst is not yet possible, but he said that the AMD report confirms his theory.

According to him, Nvidia occupies about 75% of the market for mining cards, and AMD – 25%.

Some media analysts have suggested that the corporation tried to hide the sharp fluctuations in revenues in other sectors, by underestimating the cryptocurrency indicators.

Earlier, AMD reported on the fall in demand in the mining sector.

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