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

[andyhyip]

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."

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

Comments

[steemitboard]

Congratulations @andyhyip! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

_{Click here to view your Board}

Support SteemitBoard's project! Vote for its witness and get one more award!

[steemitboard]

Congratulations @andyhyip! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!