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Benzinga

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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