TUL Corporation Has Lost 60% of Revenue Due To Cryptocurrency Crash

Posted by at 2:42 pm on July 11, 2018

TUL Corporation, one of the largest AIB partners of AMD lost approximately 60% of revenue due to a slump in graphics card sales. This is something that can be directly attributed to mining going out of fashion as the crypto market crashed and mining operations were not long profitable. profitability.

TUL Corporation has lost 60% of sales of AMD Radeon graphics cards as mining profitability drops AMD’s RX Vega graphics cards were absolute beasts when it came to mining profitability and were punching far above their weight in terms of profitability and ROI (Return on Investment).

TUL Corporation saw a high of $42.0 Million USD (1,318,159,000 NTD) in March and have since collapsed to $13.2 Million USD (405,589,000 NTD) in June. The company sold Radeon graphics cards worth $97.8 Million USD (2,995,987,000 NTD) in the first quarter of 2018 but only managed to push $40.6 Million USD (1,244,050,000 NTD) worth of cards in the second quarter – this is less volume than the month of March. From its peak in March, the company sales have collapsed by 57.6% in June, while on a quarter over quarter bases, sales have collapsed by 58.4%.

AMD and their board partners may have higher sensitivity to the cryptocurrency market because how well they preformed over Nvidia at such tasks.

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