Home > News content

Chia's hard disk mining boom: Seagate's single quarter revenue surged to 3 billion for the first time in six years

via:驱动之家     time:2021/7/23 9:06:42     readed:184

Recently, Seagate released its Q4 financial report for the fiscal year 2021 as of July 2,In the same quarter, the revenue reached US $3.01 billion, a year-on-year increase of 20% and a month on month increase of 10%, while the net profit reached US $482 million, a year-on-year increase of 190% and a month on month increase of 47%, and the gross profit rate also expanded to 29.4%.

Seagate's main revenue was still HDD Hard Disk business, which contributed US $2.74 billion, and the revenue of system and SSD business was US $280 million, accounting for 9%.

In terms of products, Seagate's total hard disk capacity was 152eb, up 30% year on year,Among them, 80% of the market share and about 123eb capacity are contributed by the high-capacity hard disk market, mainly used in nearline, via, NAS and other fields.

Seagate also talked about the impact of Chia hard disk mine at the financial report meeting, saying that Chia coin mining tide has driven the demand of hard disk market, accounting for about the medium single digit percentage of the total bit shipment in this quarter, and mainly entered the distribution channel, which helps to tighten the supply of HDD.

Although the development prospect of this field is not very clear, Seagate is still excited about the development of decentralized storage blockchain.

China IT News APP

Download China IT News APP

Please rate this news

The average score will be displayed after you score.

Post comment

Do not see clearly? Click for a new code.

User comments