Nvidia fined $5.5m for downplaying importance of "volatile" cryptomining on sales of gaming GPUs Eurogamer.net If you click on a link and make a purchase we may receive a small commission. Read our editorial policy. Nvidia fined $5.5m for downplaying importance of "volatile" cryptomining on sales of gaming GPUs Depriving investors of "critical information". News by Matt Wales Reporter Published on 6 May 2022 28 comments The US Securities and Exchange Commission has fined Nvidia $5.5m USD for failing to properly disclose the impact of cryptomining on revenue the company earned from the sale of its gaming GPUs - a failure the SEC says "deprived investors of critical information [needed] to evaluate the company's business in a key market". Announcing the results of its investigation, which specifically relates to Nvidia's actions during its fiscal year 2018, the SEC claimed that while the tech company had reported material growth in revenue within its gaming business at the time, it had failed to reveal to investors that - based on its own information - its gaming sales were driven in significant part by cryptomining. Why's that important? As the SEC puts it, "These significant earnings and cash flow fluctuations related to a volatile business for investors to ascertain the likelihood that past performance was indicative of future performance." Watch on YouTube Digital Foundry - Nvidia RTX 3050 Review. "Nvidia's disclosure failures deprived investors of critical information to evaluate the company's business in a key market," its press release continues. "All issuers, including those that pursue opportunities involving emerging technology, must ensure that their disclosures are timely, complete, and accurate." Ultimately, the SEC's investigation into the matter found Nvidia to be in violation of the Securities Act of 1993 and the disclosure provisions of the Securities Exchange Act of 1934, leading to its $5.5m fine - a figure the company has agreed to pay "without admitting or denying the SEC's findings". Become a Eurogamer subscriber and get your first month for £1 Get your first month for £1 (normally £3.99) when you buy a Standard Eurogamer subscription. Enjoy ad-free browsing, merch discounts, our monthly letter from the editor, and show your support with a supporter-exclusive comment flair! Support us View supporter archive More News Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Lady Dimitrescu will be a tad smaller in Resident Evil Village's Mercenaries DLC Level the playing field. 1 Overwatch 2 suffers another DDoS attack and character roster bugs Mei Mei. 8 Nintendo Switch firmware update lets you take screenshots in the Switch Online app The app on your console, not your phone. 7 Latest Articles Genshin Impact Path of Gleaming Jade dates, login event rewards Including other anniversary rewards and how to claim them. Atari will hold RollerCoaster Tycoon rights for another decade Ups and downs. 7 Jelly Deals Logitech's G Pro X gaming headset is its lowest-ever price during Amazon's Early Access sale Prime Members can get it for just £52. Jelly Deals Save over £500 off the retail price on this beefy ASUS TUF Dash gaming laptop from Amazon Under £1080 for an RTX 3070 laptop. Supporters Only Premium only Off Topic: Take a minute to appreciate Cookin' with Coolio's incredible scallops recipe. What a great book. Premium only Off Topic: Reading City of Glass in comic form "Where exactly am I going?" Premium only Off Topic: Il Buco is a transporting film about a really big hole Underlands. Off-Topic Netflix handled Sandman brilliantly It was Dreamy. 9 Buy things with globes on them And other lovely Eurogamer merch in our official store! Explore our store