Nvidia fined $5.5M for allegedly hiding crypto impact on GPU sales
The U.S. Securities and Exchange Commission (SEC) has fined Nvidia $5.5 million for allegedly failing to disclose the influence crypto mining had on its GPU sales during 2018. The agency said it settled charges against Nvidia “for inadequate disclosures concerning theimpact of cryptominingon the company’s gaming business.” That said, although Team Green agreed to a cease-and-desist order and the fine itself, the SEC said the company is doing so “without admitting or denying the SEC’s findings....