SEC and Nvidia Reach $5.5 Million Settlement

An SEC order found that Nvidia failed to fully disclose that cryptomining was a significant factor of the companies revenue growth in the 2018 fiscal year. The order states that Nvidia reported GPU sales to crypto miners as gaming sales revenue rather than cryptomining.

In 2017, crypto interest started a new wave of crypto miners- and this started the demise of the GPU (Graphics Processing Unit) market. To this day, it’s still near impossible to purchase a top GPU (such as Nvidia’s 30-series) for MSRP (Manufacturer Suggested Retail Price). With Ethereum’s upcoming switch from Proof-of-Work to Proof-of-Stake, we are finally beginning to see the GPU market settle down. Miners are no longer expanding or upgrading their operations- which is bringing GPU’s back in stock without instantly selling out.

Read more on GPU prices settling on Crypto FAL
SEC NVIDIA Settlement Press Release
SEC Order on NVIDIA