$5.5 million penalty

$5.5 million penalty

2 years ago
Anonymous $dy9SWuvIkX

https://www.bleepingcomputer.com/news/technology/nvidia-fined-for-failure-to-disclose-cryptomining-sales-boost/

The U.S. Securities and Exchange Commission (SEC) announced Friday that it settled charges against multinational tech firm NVIDIA for "inadequate disclosures" of cryptomining's impact on its gaming business.

Settled charges are linked to NVIDIA's failure to disclose that much of the company's gaming sales were boosted by cryptomining, with customers increasingly using NVIDIA GPUs to mine for cryptocurrency starting with 2017.

$5.5 million penalty

May 6, 2022, 3:35pm UTC
https://www.bleepingcomputer.com/news/technology/nvidia-fined-for-failure-to-disclose-cryptomining-sales-boost/ > The U.S. Securities and Exchange Commission (SEC) announced Friday that it settled charges against multinational tech firm NVIDIA for "inadequate disclosures" of cryptomining's impact on its gaming business. > Settled charges are linked to NVIDIA's failure to disclose that much of the company's gaming sales were boosted by cryptomining, with customers increasingly using NVIDIA GPUs to mine for cryptocurrency starting with 2017.