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WD sold $200 million of hard drives for Chia Mining last quarter

Western Digital managed to increase its hard drive sales by more than $539 million in the last quarter, as its total hard drive capacity increased by approximately 34% from the previous quarter. Western Digital’s performance benefited from the success of its 18TB hard drives in cloud data center operators and enterprises. also, Chia Crypto Farmer It also played a significant role in the sales of high-capacity hard drives, although the company said that the $200 million in HDD sales to Chia miners this quarter did not play a key role.

“Due to the emergence of Chia, we have seen incremental demand. Our outstanding performance this quarter is mainly attributable to the increase in demand from our cloud customers and the beginning of a recovery in corporate demand.” Analyst’s earnings conference call (according to Find Alpha). […] As Chia and other spaces prove cryptocurrency, the demand for hard drives has also increased […]We believe that space proof cryptocurrency provides us with a good opportunity in the industry, but we are paying close attention to the sustainability of demand.

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