Nvidia settles cryptomining disclosure charges • The Register
▻https://www.theregister.com/2022/05/06/nvidia_pays_55m_sec_fine
The US Securities and Exchange Commission (SEC) made the settlement public Friday, saying the chip designer “failed to disclose that cryptomining was a significant element of its material revenue growth” for GPUs that are designed and marketed for PC gaming.
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Nvidia agreed to a cease-and-desist order in addition to paying the $5.5 million fine to settle charges, the SEC said.
The company has made efforts in the past few years to disclose the impact of cryptomining on its business, though said in its most recent earnings that it had “limited visibility.”
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