NVIDIA is fined by the US Securities and Exchange Commission for manipulations with the reports on finance and hiding information that cryptomining was an important element in the growth of material income from video cards.

Nvidia Pays $5.5M Fine Over Crypto-Mining Disclosures

In 2018, NVIDIA in two reports reported a significant increase in revenue. The company knew for sure that the reason for such a profit is to buy video cards from the miners. But NVIDIA is not indicated in special reporting forms, as the procedure requires.

As a result, the lack of such information was deprived of investors of critical information for evaluating the company’s business in the key market. NVIDIA agreed to pay a fine of $ 5.5 million.