Nvidia didn't tell investors enough about effects of crypto mining on its business, SEC says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

In 2017, ETH rose from $10 to $800, driving demand for Nvidia graphics cards.

that it did not properly inform investors about how cryptocurrency miners were stoking demand for its graphics cards.

The settlement represents the end to a saga in which Nvidia, best known for making graphics cards for gaming, found itself with a surprise revenue boost from cryptocurrency miners which later declined to become immaterial. Nvidia declined to comment.. In 2017, ether prices rose from under $10 to over $800, prompting miners to buy new hardware to cash in.

Nvidia was aware that cryptocurrency mining was driving part of its business, according to the SEC filing.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités