Nvidia to Pay $5.5 Million Fine for Lack of Crypto Mining Disclosures

Nvidia will pay a $5.5 million fine to settle Security and Exchange Commission charges that it failed to adequately disclose how much of its gaming business’ sales were actually related to crypto mining. According to the SEC, Nvidia failed to state in a pair of quarterly reports for its 2018 fiscal year that sales related to crypto mining accounted for a significant part of the jump in demand for its graphics processing units, which were originally designed and marketed for gaming.

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