AMD and ConsenSys’ W3bcloud joint venture obtained $20 million through the sale of convertible notes.
AMD (Advanced Micro Devices) is an American transnational IT company founded in 1969 by Jerry Sanders and headquartered in California, U.S. AMD specializes on computer processors and related hardware and software for both business and consumer markets. AMD is the only major rival to Intel in microprocessor development. Crypto proof-of-work mining is performed with graphics processing units that are a major product of AMD, which is why AMD greatly benefited from the cryptocurrency outburst of the last several years. AMD’s products are used for Bitcoin mining as well as for other cryptocurrencies. AMD has also participated in cryptocurrency development. AMD contributed to blockchain technology development by optimizing performance of its major products through implementing software drivers made for blockchain computing with AMD chips.
The hardware manufacturer beat Wall Street expectations on adjusted earnings, as executives remain upbeat about the coming quarter.4980
U.S. hardware manufacturer Nvidia reported full-year revenue gains in 2018.5380
RBC analyst Mitch Steves found through calculations that Nvidia reportedly earned $1.35 bln more in crypto, blockchain revenue than reported.21177
AMD’s financial data for Q4 2018 appears to confirm a continued mixed market.3859
Ahead of the release of AMD’s Q4 2018 report, some analysts predict that a “crypto hangover” could still be affecting the company’s revenues.15040
ConsenSys, AMD and Abu-Dhabi-based Halo Holdings have partnered to build a blockchain-based cloud computing infrastructure for the public and private sector.10115
Radeon RX580, a GPU widely used both by miners and gamers, is now being sold for $180, a price drop of over 67 percent since February.10851
Mining hardware manufacturers invent new ways to increase their competitiveness and tackle miners’ interest decline as September was the first month when private miners’ profits went into the negative.15879
U.S.-based semiconductor manufacturer AMD has produced eight new crypto mining rigs, marketed as “blockchain compute solutions.”10073
American semiconductor manufacturer AMD has revealed “negligible” blockchain-related GPU sales in its 3rd quarter report.12022
GPU prices have been declining following a price drop in virtual currencies during the first half of 2018.32998
Graphics card suppliers will lower their prices in July, sources say, as the crypto market correction has led to less mining demand.22203
With the growing complexity of the network and competition on the market, smaller miners give way to mining farms, specialised in industrial mining.59224
While the AMD stock price has climbed partly in thanks to the crypto mining boom, analysts warn that a cool down in crypto mining could mean this year’s gains will not last.19981