Mining equipment manufacturer Bitmain earned $3B last year, as much as Nvidia

Beijing-based Bitmain, which began operations in 2013, generated between $3 billion and $4 billion in operating profits last year, according to Bernstein data cited in CNBC.

California-based chipmaker Nvidia, meanwhile, which boasts a market cap of $147 billion, delivered an operating profit of $3 billion in 2017.

Nvidia has been in business for 20 years and while not exclusively in the Bitcoin mining business, they have seen increasing revenues attributed to the growing demand for bitcoin mining equipment.

 


Write: Sara Bauer


 

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