SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue – Regulation Bitcoin News

SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue

Nvidia Failed to Disclose That Crypto Mining Was a Significant Element of Its Material Revenue Growth As demand for and interest in cryptocurrency rose in 2017, Nvidia customers increasingly used gaming GPUs for crypto mining, the SEC noted.

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The SEC has a very strange way of making friends ...

This is like Cow fining humans for failing to disclose how much nutrients humans got from cow milk. SEC has some bunch of Idiots sitting there ? Don't they know this simple math ?

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what? 😂🤡

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SEC needs torn down and rebuilt. This is ridiculous.

Anyone with half a brain knew this already .... the SEC is a useless body

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If NVIDIA develops a new technology, the world's graphics cards will devote themselves to mining cryptocurrencies when they are not in use, which may be the greatest computing power in the world😂😂😂

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And they put low hash rate drivers in there gpus to have advantage over other miners just saying

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How much is 'significantly' exactly ?

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What's next the sec going after Ford or GM for ridesharing significantly boosting revenue ?

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Nvidia Failed to Disclose Cryptomining Revenue Impact in 2018, SEC SaysChip-maker nvidia will pay $5.5 million penalty to settle SEC alleges that the company failed to disclose the impact of cryptomining revenue in 2018. Reports Aoyon_A nvidia Aoyon_A SEC just shakes down companies. They care not to protect investors nvidia Aoyon_A A private show, a statue in a helicopter and a trip to space, don't forget, all these works are also on one of the biggest avenues in NY. 1 mint 1 sculpture Polyverseart 💎💎💎 nvidia Aoyon_A Nothing to see here….
Source: CoinDesk - 🏆 291. / 63 Read more »

NVIDIA pays $5.5 million to settle SEC charges over GPU sales to crypto miners | EngadgetNVIDIA has settled with the SEC over charges it didn't disclose how much it benefited from GPU sales to crypto miners.. 5,5M? That's it? With such small change spent, they will sell tomorrow again. Lucky for them, the judge had a hard time finding them liable to a large penalty’s 💯😁💸
Source: engadget - 🏆 276. / 63 Read more »

Nvidia didn't tell investors enough about effects of crypto mining on its business, SEC saysIn 2017, ETH rose from $10 to $800, driving demand for Nvidia graphics cards.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia misled investors about impact of crypto mining on its business, SEC allegesUS securities regulators say Nvidia knew cryptocurrency miners had been eating into sales of graphics cards meant for gaming but had illegally withheld that fact from investors who repeatedly asked about crypto mining's impact on Nvidia's gaming segment I've been waiting until they sink NVDA after earnings to buy ... We should take a poll on how far it will sink. I'm being optimistic at 100 I think. 或者这本身是英伟达的诡计？
Source: cnni - 🏆 326. / 59 Read more »

Nvidia fined $5.5M by SEC over failing to disclose crypto as revenue generatorCryptocurrencies are extremely volatile and the U.S Securities and Exchange Commission said Friday that the Santa Clara company did not disclose to investors in 2018 the potential future risks of such sales. Hot bed for ponzi schemes.
Source: KPIXtv - 🏆 443. / 53 Read more »

Nvidia GPUs dominate Newegg sales, despite higher prices | Digital TrendsThe GPU bestsellers list on Newegg reveals that Nvidia GPUs are still the go-to choice for consumers, despite higher prices in certain key segments. The performance of the Nvidia graphics card is fairly solid.
Source: DigitalTrends - 🏆 95. / 65 Read more »