Graphics chipmaker NVIDIA Corporation (NVDA) has agreed to pay $5.5 million to settle charges leveled by the Securities and Exchange Commission (SEC) that it failed to adequately inform investors about the demand cryptocurrency miners had placed on its graphics cards. Crypto mining involves obtaining rewards earned in cryptocurrency for verifying...
The U.S. Securities and Exchange Commission (SEC) has fined Nvidia $5.5 million for allegedly failing to disclose the influence crypto mining had on its GPU sales during 2018. The agency said it settled charges against Nvidia “for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business.” A...
The US Securities and Exchange Commission (SEC) has fined Nvidia $5.5 million for failing to disclose how much cryptocurrency mining impacted its gaming GPU business. The SEC holds that Nvidia failed to disclose that cryptocurrency mining was a “significant element” of its revenue growth during 2017, and hid the fact...
