Samsung Sets Q1 Profit Record with Crypto Mining Boost

Samsung Electronics has announced 58 percent year-on-year enlargement in its operating profits for Q1 2018 – an increase spearheaded in part by strong need for cryptocurrency mining chips.

During financial earnings call on Thursday, Samsung's executive vice president in investor relations Robert M. Yi, said the profitability augment seen in the company's semiconductor commerce played a major role in laying a new quarterly working profit record of 15.6 trillion that Korean won ($14 billion).

[Video] Samsung Sets Q1 Profit Record with Crypto Mining Boost