Western Digital surpasses Q4 expectations, sees Chia gains
(Windows Phone Central)

Ch-ch-ch-Chia. What you need to know Western Digital had a good fourth quarter. It managed $4.9 billion in revenue, representing a 15% year-over-year (YoY) increase. Chia played a part in the company`s hard drive success. Western Digital had a solid fourth quarter that managed to beat analyst expectations. The guesstimates for WD`s quarterly performance were $4.53 billion in revenue, but the company managed to shatter that ceiling with $4.9 billion. That`s a 15% year-over-year (YoY) jump in gains. David Goeckeler, the CEO of Western Digital, partially attributed his company`s current successes to its hard drive shipments. `I`m excited to announce a record shipment of over 104 exabytes in capacity enterprise hard drives, a 49% increase sequentially,` he stated (via SeekingAlpha). He then added an update on the Chia front. `There was also increased demand for hard drives due to Proof-of-space cryptocurrencies such as Chia, which emerged as a new vertical market at the beginning o...