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Chia Demand Is Driving HDD Sales, Keeping Seagate’s Factories Full By Joel Hruska on June 10, 2021 at 2:15 pm
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The cryptocurrency Chia has had a significant impact on the hard drive market. SSD demand doesn’t seem to have risen the same way, but both Western Digital and Seagate are reporting significantly higher demand. That’s according to executives from both companies, who spoke at a pair of separate events. Seagate CFO Gianluca Romano presented at the Bank of America Merrill Lynch 2021 Global Technology Conference, while Western Digital CFO Bob Eulau and VP Peter Andrew attended the Stifel 2021 Virtual Cross Sector Insight Conference (transcripts linked via SeekingAlpha).
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