Nvidia's GPU products continued to see strong demand from cryptocurrency miners in Q4, the company's CFO said on an earnings call Thursday.

Issuing the remarks as the company unveiled its fourth-quarter earnings for 2017, Colette Kress said the company banked $2.91 billion in revenue during that period, an increase of more than 34% compared to the same time a year prior.

That said, Kress stressed that the demand the company has seen in months past could shift, depending on the fortunes of the cryptocurrency market.

Kress commented:

Nvidia's leadership, including CEO Jen-Hsun Huang, have struck bullish notes on the boon of cryptocurrency mining for its bottom line. Elsewhere, the company has indicated that it anticipates mining to ultimately form a small part of its overall earnings picture.

The company did not plan for or expect increased profits from cryptocurrencies, an analyst later said on the call. In response to a question about how Nvidia modeled cryptocurrencies, he responded that they “modeled crypto approximately flat.”

"There's a lot of dynamics going on in gaming," the analyst continued. "One dynamic is there's a fairly sizable pent-up demand going into this quarter, but I think the larger dynamics that are happening relate to just the amazing games that are out right now."

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