Nvidia just reported $81.62 billion in quarterly revenue. That’s an 85% jump year-over-year, beating Wall Street estimates that clustered around $78.8 to $79.2 billion.
But here’s the thing. The number that should matter most to crypto markets isn’t the revenue figure itself. It’s what’s happening downstream: Bitcoin miners are increasingly ditching proof-of-work computations in favor of running AI workloads on the same Nvidia GPUs, claiming revenue potential up to 25 times higher per kilowatt-hour than traditional mining.
The AI spending tsunami
CEO Jensen Huang used the earnings call to paint a picture of AI infrastructure that’s still in its infancy. His projection: $1 trillion allocated for data center capital expenditure in 2027, scaling to $3 to $4 trillion annually by 2030.
For fiscal year 2026, Nvidia reported full-year revenues of approximately $216 billion, a 65% year-over-year increase. The company’s data center segment continues to be the primary growth engine, fueled by hyperscaler demand for AI accelerators. Gross margins held steady around 74 to 75%.
