SEC fines Nvidia $5.5 million for failing to disclose cryptomining's revenue impacts - Technology News, Mobile Technology News, Videos, and Review | Techbrinks

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Saturday, 7 May 2022

SEC fines Nvidia $5.5 million for failing to disclose cryptomining's revenue impacts


The Securities and Exchange Commission's (SEC) May 6 press release cited Nvidia for "Inadequate Disclosures about Impact of Cryptomining." The SEC alleges that Nvidia did not report their increased crypto-based sales as required by Form 10-Q, instead attributing the increase to gaming-related growth.

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