The SEC says Nvidia will pay $5.5M to settle charges it failed to disclose that cryptomining was a “significant element” of its FY 2018 gaming revenue growth
The U.S. Securities and Exchange Commission said Friday it had settled charges against technology company Nvidia Corporation …
Reuters Kanishka Singh
Related Coverage
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Discussion
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@firstadopter
@firstadopter
on x
$5.5 million fine. That'll show that .. (checks notes) .. $470 billion company https://twitter.com/...
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@tomwarren
Tom Warren
on x
Nvidia has been fined $5.5 million for hiding how many gaming GPUs were sold to crypto miners. The SEC found Nvidia had misled investors by reporting a huge boost in revenue related to “gaming,” and hiding how much its success relied on the crypto market https://t.co/crVykHyjPb h…
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@stephentotilo
Stephen Totilo
on x
SEC: “during consecutive quarters in NVIDIA's fiscal year 2018, the company failed to disclose that cryptomining was a significant element of its material revenue growth from the sale of its graphics processing units (GPU) designed and marketed for gaming” https://www.sec.gov/...
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@smdiehl
Stephen Diehl
on x
Going after Nvidia for some weird nuance of disclosure provisions in the Securities Act wasn't exactly what I thought the SEC would spend their time doing given the total wave of crypto fraud. But alas, here we are. https://www.sec.gov/...