Graphics Card Vendors Upbeat About Cryptocurrency Mining

As the values for some major cryptocurrencies continue rising and prolonging related graphics card demand, even vendors that were conservative about the mining trend have begun expanding their orders for NVIDIA and AMD GPUs: Gigabyte, MSI, TUL, Colorful, and Galaxy Microsystems have all been aggressive about the cryptocurrency opportunity since the mining trend emerged, and they have seen dramatic growths in related businesses.



Several graphics cards vendors such as TUL and Sapphires saw their operations turn profitable in the second quarter, while MSI and Gigabyte also saw significant incomes from related businesses in both the second and third quarters. Gigabyte’s profits from the graphics card business also surpassed those from the motherboard segment for the first time, the sources stated. Asustek has now estimated that the mining trend will last at least until the end of 2017 and therefore decided to play a more active role in the competition in the third quarter, the sources added.

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