Nvidia, one of the most popular video card and chip manufacturers, received a $ 5.5 million penalty from the US Securities and Exchange Commission (SEC).
According to the statement made by the SEC, Nvidia, in its 2018 financial reports in two consecutive quarters Cryptocurrency mining revenues are also under-reported. did not report the impact of cryptocurrency mining on the company.
Nvidia, which earned a large income in 2017 compared to previous years, from graphics card sales stated, but after the SEC’s investigations, company employees said that the majority of video cards to mining companies Said it was sold.
Also, the SEC said in a statement:
Nvidia’s failure to disclose this information has misled investors who want to learn about the impact on revenues of crypto-mining companies.
said.
Nvidia, accusationswithout declaring that you accept or reject the negotiate with the stock marketk $5.5 million fine he accepted.
NVidia stated that it will release new graphics cards for people who are mining in February of last year, and that it will offer gaming and mining graphics cards.will divide it into two different categories. had announced.