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.
Hard drive manufacturers and market observers say that most consumer Chia miners use second-hand hard drives to drive Chia agriculture.At the same time, those who want to grow cryptocurrency professionally actually bought large-capacity enterprise-grade hard drives, which is why The price of this drive is still highAccording to Western Digital, it sold approximately US$200 million worth of hard drives for Chia during the quarter, which is very important because the company’s hard drive division’s sales totaled US$2.501 billion in the fourth quarter of fiscal 2021.
“Chia is, maybe a way of thinking. It has an impact on us where we answer the phone. I think in the first week of last quarter, there may be a $100 million upside this quarter because of Chia,” Goeckeler said .
Western Digital sold 25.7 million hard drives in the fourth quarter of fiscal 2021 (usually the second quarter of fiscal 2021), which is higher than the 23.2 million in the third quarter of fiscal 2021 (first quarter of 2021) and the second quarter of fiscal 2020. 23.1 million in the fourth quarter of the year (the second quarter of 2020).
Shipment of HDDs for client PCs decreased to 9 million, and the supply of hard disk drives for non-computing applications increased to 8.7 million, but it was prominent that the unit sales of Western Digital data center drives increased by 7.7 million , A month-on-month increase of 2 million yuan, an increase of 0.9 yuan. Ten thousand years. 7.7 million is the highest number of server-grade HDDs sold by the company in about a year.
The total capacity of enterprise-grade hard drives shipped by Western Digital in the second quarter of 2021 was 104EB (a 49% increase from the previous quarter), which means that their average capacity is approximately 13.5TB per unit. Western Digital said that the 18TB SKU achieved about half of the enterprise-grade hard drive capacity it sold in the quarter.