Nvidia Expects Bull Run in Crypto Industry
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March 20, 2019
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One of the largest computer chip manufacturers, Nvidia Corp., plans to complete sales of remaining details for cryptocurrency mining devices as the company remains bullish on crypto in the long term, Bloomberg reports.

Chief Financial Officer of Nvidia, Colette Kress, claims Nvidia is still working through the stockpile of unsold parts.

The chipmaker is reportedly sticking by an outlook of revenue that will be flat or slightly down from last year for fiscal 2020, notes Bloomberg.

Earlier, a blockchain research firm, Diar, conducted a study, according to which, bitcoin miners' incomes have begun to recover slightly after falling to their lowest levels in 18 months.

Bitcoin miners' revenues reached $195 million in February 2019, down from the $210 million registered in January and far from the $951 million from December 2017.

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