10% of Revenue: Cryptocurrency Mining Boosts AMD Profits Despite Volatility


Advanced Micro Devices’ first-quarter earnings results were buoyed by cryptocurrency mining revenue, but the chipmaker warned the volatility is getting in the way. AMD in Q1 generated a higher percentage of its revenue from sales of its graphics chips that are used to power computers in the cryptocurrency mining process for digital currencies like bitcoin and ethereum. The company,

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Posted by Gerelyn Terzo on April 27, 2018 @ https://www.ccn.com/amd-ceo-blockchain-is-here-to-stay/

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