The chipmaker’s fiscal fourth-quarter revenue from its Cryptocurrency Mining Processors (CMP) tumbled 77% from the previous quarter.
Chipmaker Nvidia’s (NVDA) Cryptocurrency Mining Processors (CMP) revenue fell to $24 million in its fiscal fourth quarter ending Jan. 30, a 77% decline from $105 million in the previous quarter, according to its filings.
Nvidia announced the introduction of crypto-specific CMPs in February of last year as a way of protecting sales of its flagship GPUs for gamers.
In the second quarter of last year, Nvidia said its CMP unit generated revenue of $266 million.
The company noted on Wednesday that while its regular GPUs are capable of cryptocurrency mining, it has limited visibility into how much mining impacts its overall GPU demand.
Last year, Nvidia introduced hashrate limiters for its flagship GeForce GPUs to keep more products available for gamers.
In a recent conference hosted by a Wall Street investment bank Needham, Nvidia said that almost all of its Ampere-based products will incorporate a hashrate limiter to deter crypto miners from using those products for mining.
Meanwhile, Nvidia’s rival Intel (INTC) launched its own crypto mining-specific chips earlier this month, noting that mining firms Argo Blockchain (ARBK) and Griid Infrastructure, as well as Jack Dorsey-led Block (SQ), will receive the chipmaker’s first mining chips later this year.
Nvidia’s fourth-quarter adjusted earnings per share came in at $1.32, beating the consensus analyst estimate of $1.23, according to FactSet data. Its quarterly revenue of $7.64 billion also beat estimates of $7.42 billion.
Nvidia’s shares were down about 1% in post-market trading on Wednesday.