NVIDIA (NVDA) has been fined $5.5 million for its failure to disclose the effects of cryptocurrency mining.
Disclose the effects of cryptocurrency mining NVIDIA Corporation (NVDA), a manufacturer of graphics processing units, has agreed to pay $5.5 million to resolve charges brought by the Securities and Exchange Commission (SEC), which alleged that the company misled investors by concealing the high demand for its products from cryptocurrency miners. Verifying transactions on decentralized blockchain ledgers is known as “crypto mining,” which yields rewards in bitcoin. In a settlement agreement