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Bitmain May Surpass AMD’s Valuation

• ckastner 8y ago
  > These valuations don’t come unwarranted, with the report from Tou Tiao also noting that the firm had sold $2.3 billion worth of ASIC chips in 2017, raking in $1.25 billion in net profit from last year’s operations. $1.25bn in net profit? Wow. For comparison, NVIDIA's net profit for 2017 was around $3.05bn, up from $1.67bn a year before.