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Benzinga
Benzinga
Politics
Anusuya Lahiri

Nvidia Agrees To Pay $5.5M Penalty For Insufficient Disclosure Of Crypto Impact

Nvidia Crypto NVDA Mining Nasdaq NVIDIA Corporation
  • NVIDIA Corporation (NASDAQ:NVDA) agreed to settle civil charges for inadequate disclosure of the impact of crypto mining on its gaming business.
  • The chipmaker will pay $5.5 million to the U.S. SEC for misleading investors and analysts interested in understanding the impact of crypto mining on Nvidia's business.
  • Despite having information, Nvidia failed to disclose that crypto mining was a "significant element" of its revenue growth during back-to-back quarters in FY18.
  • Price Action: NVDA shares traded higher by 0.43% at $189.24 on the last check Friday.
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