Nvidia

Nvidia Fined $5.5M for Hiding Crypto Mining Sales
Nvidia Fined $5.5M for Hiding Crypto Mining Sales

The SEC has charged Nvidia Corp. for being unable to disclose that crypto mining increased its revenue. All issuers “must ensure that their disclosures are timely, complete, and accurate,” SEC warned. Nvidia agreed to a cease-and-desist order and to pay a $5.5 million penalty. The US Securities and Exchange Commission (SEC) has penalized global technology company Nvidia Corporation for “inadequate disclosures concerning the impact of crypto mining on the company’s gaming business.” “The company failed to disclose that crypto mining was a significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and