Caused major problems in video card stocks cryptocurrency minersnow too Nvidia’s He might have burned his head. According to the latest fine from the US, Nvidia hid its revenue from crypto mining in its 2018 earnings report.
NVIDIA RTX 3090Ti sold out before it came to our country!
NVIDIA has launched the highly anticipated RTX 3090Ti graphics card for sale. But it sold out shortly after its release.
Nvidia to pay $5.5M over crypto mining
US Securities and Exchange Commission (SEC), cryptocurrency mining operations for not expressing to Nvidia $5.5 million fine announced it was discontinued. In the quarterly earnings report for 2018, only the game Saying that its business is growing, the company ignored crypto mining despite its share of misleading investors.
According to the SEC’s rules, companies must clearly disclose revenue from “variable business” so that investors can make sound decisions about the firm’s future. However, Nvidia broke the rules by hiding crypto mining in its 2018 report.
“The SEC has revealed that Nvidia needs to make clarifications about how other parts of its operations are driven by demand for crypto. Nvidia did not comment on how other parts of the company were driven by crypto demand. gaming business is not significantly affected by crypto mining It made the impression.”
Nvidia did not comment on the final penalty. However, he had previously said that he sees selling GPUs to cryptocurrency miners as more of a responsibility than a profit. Also to please players in 2021 Mining efficiencies of RTX graphics cards started to restrict.
SEC’s final penalty, first quarter of 2022 $7.6 billion revenue seems too small for Nvidia, which reports that it has achieved But that could lead to bigger problems, as this isn’t the first time Nvidia has attempted to mislead investors.
So what do you think about crypto mining? Leave your comments in the comments or SDN ForumDon’t forget to share it with us.