The company generated $266 million in revenue from its crypto mining cards, more than $130 million below its forecast earlier this year.
Following China’s recent crackdown on crypto mining, GPUs have dropped in price.
Computer hardware sites are beginning to see GPU stocks come back to pre-pandemic levels while prices have dropped 5%-10%.
LHR is the industry's answer to the global supply shortage of GPUs caused by miners hoping to cash in on bull market fervor.
The affected graphics cards will be labelled with an identifier so consumers know what they are buying.
The revenue for its crypto-specific GPUs is three times the company's projections.
Ethereum is migrating to proof-of-stake, but miners still see profit in proof-of-work.
The batch of processors will add 1,600 GH to Hut 8's mining capacity.
AMD may not have had much of a choice because its drivers are all open source.
A court ruled that plaintiffs failed to adequately prove Nvidia mislead its investors.
Nvidia expects $50 million in revenue will come from a new, miner-specific product during its first quarter of sales.
Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners.
Images have surfaced on Twitter reportedly showing a crypto-mining operation using laptops fitted with high-end Nvidia RTX 30-series graphics cards.
While it can be powered by the hybrid car's battery, the boot needs to stay open to avoid overheating.
Selling dedicated crypto cards would alleviate pressure on Nvidia's consumer models.