• Market Cap: $266b

  • Dec 04, 2021

Ethereum Studio ConsenSys partners with AMD to produce blockchain-based cloud computing infrastructure

Ethereum development studio ConsenSys, semiconductor chip producer AMD and Abu-Dhabi based investment management company Halo Holdings are jointly working on blockchain based cloud computing infrastructure

AMD’s Q3 Revenue Declines, Company Terms Crypto-Revenue ‘Negligible’

AMD stated during their Q4 earnings call that the earnings made via blockchain-related sales has been 'negligible'.

Nvidia Q1 Profit Soars By 145% - $289 Million Generated from Cryptocurrency Mining

Nvidia recorded a revenue of $3.21 Billion in Q1 2018. Out of these $3.21 Billion, $289 Million came from sales to those involved in cryptocurrency mining.

AMD Worries That A Fall in Demand from Cryptocurrency Miners Could Impact Revenues

As per their Annual report issued in February, AMD worries that when the demand from the miners reduces, this would cause an adverse impact on their business.