SEC Flags Nvidia Over Alleged Disclosure Deficiencies In Its Cryptocurrency Mining Business | Dechert LLP

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SEC Flags Nvidia Over Alleged Disclosure Deficiencies In Its Cryptocurrency Mining Business | Dechert LLP SEC Flags Nvidia Over Alleged Disclosure Deficiencies In Its Cryptocurrency Mining Business | Dechert LLP

The central theses The United States Securities and Exchange Commission on May 6, 2022 announced a settlement against chipmaker Nvidia Corporation over insufficient disclosures about the impact of cryptocurrency mining on the company’s gaming business. The SEC fined Nvidia $5.5 million, alleging that for consecutive quarters in fiscal 2018, Nvidia failed to disclose that cryptocurrency […] The..
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