Bitcoin boosts mining industry: Bitmain's operating profit is comparable to Nvidia's
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According to estimates by Bernstein analysts, Bitmain from China dominates the Bitcoin mining industry. Based on a conservative estimate of 75% gross profit margin and 65% operating profit margin, analysts believe that Bitmain's operating profit last year was $3 billion to $4 billion, while Bernstein estimates that Nvidia's operating profit in the same period was $3 billion. (Sina Technology) Editor-in-charge: Zhang Wei |
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