A financial report has been filed by the Taiwan Semiconductor Manufacturing Company (TSMC). Q4 of 2017 once again shows a healthy balance sheet, largely thanks to the increased demand of cryptocurrency mining. In a statement dated January 18th, the semiconductor manufacturer said that in Q4 it had generated $9.2 billion in revenue.

The company’s senior vice president, Lora Ho, said that these impressive results are largely thanks to the demand generated by cryptocurrency miners. Mining cryptocurrencies, which involves computers solving incredibly complex mathematical problems, requires a massive amount of energy. However, when the miners are successful, they are rewarded in cryptocurrencies which have hugely increased in value. However, with each price increase, more people are seeing mining as a viable way of making money, despite the high cost of the technology and power needed to be successful.

Ho also said that the company expected the demand for its products to remain strong during 2018. These results continue a good run of form for TSMC, which started as cryptocurrencies began to take off and enter the mainstream. In Q3 of 2017, the company posted a revenue of $8.32 billion. As the cryptocurrency revolution continues, it appears that companies such as TSMC are poised to reap the rewards.