The U.S. Securities and Exchange Commission (SEC) said that Nvidia misrepresented its profits from product sales to miners.
In two of Nvidia’s fiscal 2018 reports, the company reported significant growth in revenue from its gaming business. However, the SEC said the main driver of the company’s sales growth was crypto-mining.
Nvidia decided to settle and pay a $5.5 million fine.
In 2022, Nvidia faced similar charges. However, the company won the case against the SEC.
Holpop News
Holpop News
SEC fined Nvidia for misrepresenting the impact of mining on the company’s business
posted on May 6, 2022 by holpop in Blockchain
