Nvidia, a multinational technology company, agreed to pay a $5.5 million penalty as part of a settlement with the Securities and Exchange Commission (SEC) announced Friday concerning disclosures of the impact of crypto mining on its gaming business.
According to the SEC’s order, during two consecutive quarters in fiscal year 2018, Nvidia failed to disclose crypto mining as a “significant element” of its revenue growth from the sale of graphics processing units (GPUs).
