Friday, 24 March, 2023
Nvidia fined 5.5 M for concealing number of gaming GPUs sold to crypto miners
<p>The US Securities and Exchange Commission has fined Nvidia for $5.5 M as it misled investors about the proportion of graphics cards sold to crypto miners. In 2017, Nvidia saw an rise in cryptocurrency mining-related sales, but did not mention it in gaming division."NVIDIA's disclosure failures denied investors critical information needed to evaluate the company's business in a critical market," said head of the SEC's Crypto Assets and Cyber Unit.</p>
Read full story at New Indianexpress
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