Nvidia hid how many GPUs it was selling to cryptocurrency miners, says SEC

Nvidia hid how many GPUs it was selling to cryptocurrency miners, says SEC

2 years ago
Anonymous $dy9SWuvIkX

https://arstechnica.com/gaming/2022/05/sec-fines-nvidia-5-5m-for-misleading-investors-about-gpu-sales-to-crypto-miners/

Nvidia has agreed to pay $5.5 million in fines to the United States Securities and Exchange Commission to settle charges that it failed to disclose how many of its GPUs were being sold for cryptocurrency mining, the agency announced today.

These charges are unrelated to the current (slowly ebbing) crypto-driven GPU shortage. Rather, they deal with a similar but smaller crypto-driven bump in GPU sales back in 2017.

Nvidia hid how many GPUs it was selling to cryptocurrency miners, says SEC

May 6, 2022, 6:35pm UTC
https://arstechnica.com/gaming/2022/05/sec-fines-nvidia-5-5m-for-misleading-investors-about-gpu-sales-to-crypto-miners/ > Nvidia has agreed to pay $5.5 million in fines to the United States Securities and Exchange Commission to settle charges that it failed to disclose how many of its GPUs were being sold for cryptocurrency mining, the agency announced today. > These charges are unrelated to the current (slowly ebbing) crypto-driven GPU shortage. Rather, they deal with a similar but smaller crypto-driven bump in GPU sales back in 2017.