According to a recent note shared by RBC Capital Markets analyst Mitch Steves, Nvidia could make more money from mining Ethereum itself than selling its new chips that are specifically designed for minting the token.
The Santa Clara-based tech company could potentially bank up to $200 million by churning out the largest altcoin internally.
As reported by U.Today, Nvidia recently revealed its cryptocurrency mining processor (CPM) to capitalize on the growing demand for Ethernet mining.
At the same time, it limited the hashrate of GeForce RTX 3060, its upcoming graphics card.
Vladislav Sopov