RATE Group | Samsung Profits Surge on High Demand for Bitcoin Mining Chips
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Samsung Profits Surge on High Demand for Bitcoin Mining Chips

04 May Samsung Profits Surge on High Demand for Bitcoin Mining Chips

Posted at 17:37h in Bitcoin News by

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Samsung Profits Surge on High Demand for Bitcoin Mining Chips



Mining

South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects the trend to continue into the second quarter.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Profits Surging

A world leader in advanced semiconductor technology, South Korean Samsung Electronics Co. Ltd. recently announced its 1Q18 earnings results. Samsung Electronics is the flagship company of the Samsung Group with assembly plants and sales network in 80 countries.

Samsung Profits Surge on High Demand for Bitcoin Mining ChipsIn the first quarter of this year, the company recorded consolidated earnings of 60.56…

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