Nvidia Suffers Through Fourth Quarter, Blaming the Loss of GPU Crypto Miners as Buyers

Most of the focus on the cryptocurrency industry's bear market has been on the impact made on exchanges and investors, losing value, and even shutting doors. However, mining companies have been having lower performance as well, which impacts the companies that make mining equipment, like Nvidia. According to Nvidia, their fourth quarter earning suffered because of the crypto winter that has impacted these miners. Over the course of 2018, Nvidia managed to see revenue gains. Even though they still had progress during the year, the fourth quarter was "disappointing," at best. During Q4, which concluded on January 27th, their revenue ended up at $2.21 billion, though last year's Q4 was at $2.91 billion. In comparison with Q3, the revenue is about 31% less. Jensen Huang, the founder and CEO of Nvidia, said, "This was a turbulent close to what had been a great year. The combination of post-crypto excess channel inventory and recent deteriorating end-market conditions drove a disappointing