Revenue

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

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CME is about to open its doors to ETH futures trading

Monthly Ethereum miner revenue reached all-time high in March

Ethereum miners set a record for monthly revenue in March after doing the same thing in February,  according to data gathered by The Block.  Mining revenue totaled $1.38 billion in March, whereas February saw $1.37 billion — a 0.73% increase. Ethereum transaction fees, as a share of miner revenue, dropped 9.94% from February to March …

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Bitcoin Miners Earn Record Hourly Revenue of $4 Million

Bitcoin Miners Earn Record Hourly Revenue of $4 Million

Bitcoin’s price rally is proving a windfall for the miners of the world’s biggest blockchain. Miners collected a record single-hour revenue of $4.06 million during the 60 minutes to 17:00 UTC on Thursday, according to data provided by the blockchain analytics firm Glassnode. Transaction fees accounted for more than $47,000 of the record hourly revenue. …

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January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

January by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Several metrics recorded record numbers in January. In many cases, January alone accounted for about 40-50% of total 2020 volume.  Total adjusted on-chain volume saw a very strong increase of 94.4% to a new all-time high of $528.8 billion in January. Adjusted on-chain volume of stablecoins increased by 73.1%, to a new all-time …

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BlockFi generated nearly $100 million in revenue during 2020

BlockFi generated nearly $100 million in revenue during 2020

The Block Research’s Ryan Todd released a deep-dive profile of crypto lending and depository startup BlockFi last week, which revealed the firm’s nearly $100 million in revenue for 2020. “According to company documents reviewed by The Block Research, BlockFi now has over $8 billion in total client balances (more than 30x assets on platform in …

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Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

Publicly traded digital-asset brokerage Voyager Digital registered four-digit revenue growth in the fiscal year ended June 30, 2020. In an announcement Thursday, the Canada-based firm said revenue rose to roughly $1.1 million, marking a 1,159% rise from the previous fiscal year’s tally of $87,318. Other figures for the same period are also impressive: customer assets jumped …

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Over 40% of Ethereum mining revenue in August came from fees

Over 40% of Ethereum mining revenue in August came from fees

Ethereum miners generated $285.1 million in revenue in August, representing a month-over-month increase of 98.2% and a 25-month high, according to research from The Block. Last month, transaction fees on Ethereum increased significantly, fueled by the yield farming mania. Fees as a percentage of mining revenue reached an all-time high of over 40.5% of the …

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