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SEC Fines Nvidia $5.5 Million for ‘Inadequate’ Cryptomining GPU Disclosures
SEC Fines Nvidia $5.5 Million for ‘Inadequate’ Cryptomining GPU Disclosures
According to the SEC’s May 6 press release, during consecutive quarters in Nvidia’s fiscal year 2018, the company unlawfully obscured to investors that its GPU sales from cryptominers was a significant driver of its revenue growth. Without admitting or denying the SEC’s findings, Nvidia agreed to a cease-and-desist order and pay the penalty.
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