Not everyone makes a ton of money from blockchain. Case in point: Advanced Micro Devices.
During a conference following its second-quarter earnings report, CEO Lisa Su said approximately 6 percent of the technology company’s revenue came from selling its graphics processing units, or GPU, to cryptocurrency miners. That figure was down from 10 percent in the first quarter.
The quarter-over-quarter decline “was primarily related to lower revenue from GPU products in the blockchain market,” AMD said in its earnings report.
Blockchain is included in the company’s Computing and Graphics segment, where revenue was $1.09 billion, up 64 percent year over year, but down 3 percent quarter over quarter because of the blockchain decline. The report does not break out a dollar amount on the blockchain revenue.
While the blockchain business was down, the company said it expects sales in other areas to take up the slack. During the earnings call, Su said AMD is “expecting very little from blockchain” in third-quarter revenue, CoinDesk reported. Read more here.