Secretive Chinese bitcoin mining company may have made as much money as Nvidia last year

in cnbc •  7 years ago 

Based on conservative estimates of gross margin of 75 percent and operating margin of 65 percent, Bernstein analysts calculate that Beijing-based Bitmain made $3 billion to $4 billion in operating profits in 2017.
In contrast, Nvidia's operation profit was $3 billion during the same period, according to Bernstein's U.S. semiconductor team estimates.
Bernstein's analysis also indicated that "Bitmain shrewdly adjusts the prices of miners according to bitcoin prices."

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https://www.cnbc.com/2018/02/23/secretive-chinese-bitcoin-mining-company-may-have-made-as-much-money-as-nvidia-last-year.html

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