Schlagwort: SEC

SEC Charges NVIDIA Corporation with Inadequate Disclosures about Impact of Cryptomining

Washing짯ton D.C., May 6, 2022 The Secu짯ri짯ties and Exch짯an짯ge Com짯mis짯si짯on today announ짯ced sett짯led char짯ges against tech짯no짯lo짯gy com짯pa짯ny NVIDIA Cor짯po짯ra짯ti짯on for ina짯de짯qua짯te dis짯clo짯sures con짯cer짯ning the impact of cryp짯to짯mi짯ning on the company셲 gam짯ing business.

The SEC셲 order finds that, during con짯se짯cu짯ti짯ve quar짯ters in NVIDIA셲 fis짯cal year 2018, the com짯pa짯ny fai짯led to dis짯c짯lo짯se that cryp짯to짯mi짯ning was a signi짯fi짯cant ele짯ment of its mate짯ri짯al reve짯nue growth from the sale of its gra짯phics pro짯ces짯sing units (GPUs) desi짯gned and mar짯ke짯ted for gam짯ing. Cryp짯to짯mi짯ning is the pro짯cess of obtai짯ning cryp짯to rewards in exch짯an짯ge for veri짯fy짯ing cryp짯to tran짯sac짯tions on dis짯tri짯bu짯ted led짯gers. As demand for and inte짯rest in cryp짯to rose in 2017, NVIDIA cus짯to짯mers incre짯asing짯ly used its gam짯ing GPUs for cryp짯to짯mi짯ning. () Wei짯ter짯le짯sen 쨩