It is not a complete surprise that crypto mining units and the parts used to build these units are dropping in price. The bear market has had an effect on everything surrounding the crypto world. The revenue drops have caused those in the crypto mining industry to sell off their mining rigs and quit the industry due to it not being profitable enough for consumer grade crypto mining units.
Nvidia and AMD, the producers of popular graphics cards favored by miners, have also been affected by this “crypto winter.” They saw a decline in sales as the market dropped and AMD went as far to say that their crypto related sales in Q3 of this year were “negligible.”
“We believe blockchain or mining was about approximately 10 percent of our revenue during the [first] quarter. And the truth is there are a lot different factors in these estimates. We feel we have a very good idea of what people are using our products for. It’s a nice growth factor, but it’s certainly not the dominant growth factor in our story.”