With the falling cryptocurrency prices, most are under the impression that NVIDIA’s CMP cards are a temporary affair. However, the chipmaker is looking to earn several hundred million off miners in the coming years if not billions. In the first quarter of 2021, NVIDIA reported revenue of $155 million from the sale of its CMP parts, with an impressive $400 million expected in the second quarter.
Certain analysts expect the company to make a whopping $1.5 billion this year from the CMP segment, and that’s a conservative prediction to boot. NVIDIA has plans to earn $5 billion on an annual basis from the sale of miner-specific products in the long term. That’s pretty much the same as its quarterly revenue today, including the gaming and the data center business. Therefore, as you can probably guess, Jensen is looking to make CMP a major source of revenue for NVIDIA.
| 30X | 40X | 50X | 90X | |
|---|---|---|---|---|
| Architecture | Turing (TU116) | Turing (TU106) | Turing (TU104) | Ampere (GA102) |
| Ethereum Hash Rate | 26 MH/s | 36 MH/s | 45 MH/s | 86 MH/s |
| Rated Power | 125 W | 185 W | 250 W | 320 W |
| Power Connectors | 1x 8-pin | 1x 8-pin | 2x 8-pin | 2x 8-pin |
| Memory Size | 6GB | 8GB | 10GB | 10GB |
| Starting Availability | Q1 | Q1 | Q2 | Q2 |
Analysts expect NVIDIA’s yearly revenue to grow by 20% in the coming years, which means that we can easily expect its quarterly revenue to increase to $10 billion or more in 4-5 years, with CMP accounting for 10-20% of it. China’s ban on mining means that most cryptomining farms are moving to the US, Russia, and other American countries. This should also strengthen CMP sales as unlike China, there aren’t as many ASIC devices available in these markets.
