> These valuations don’t come unwarranted, with the report from Tou Tiao also noting that the firm had sold $2.3 billion worth of ASIC chips in 2017, raking in $1.25 billion in net profit from last year’s operations.
$1.25bn in net profit? Wow.
For comparison, NVIDIA's net profit for 2017 was around $3.05bn, up from $1.67bn a year before.