Friday, February 20, 2026
  • Hype
  • Murai
  • Lipstiq
  • Wanista
  • Varnam
  • Hangat
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zoneUpdated
    • ViewnetUpdated
    • Sri ComputersUpdated
    • StartecUpdated
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Hardware Graphics

NVIDIA Fined US$5.5 Million By SEC Over Crypto Issues

The SEC accuses the GPU brand for misleading investors.

by John Law
May 8, 2022
(Image source: NVIDIA.)

(Image source: NVIDIA.)

Share on FacebookShare on Twitter

NVIDIA has been ordered to pay a US$5.5 million (~RM24 million) fine issued by the US Securities and Exchange Commission (SEC), for not providing sufficient details about the effects that cryptomining has had on its gaming business.

As per the filing, NVIDIA reportedly failed to disclose to its investors that its creation and sales of crypto-ready GPUs were a significant factor in year-on-year growth for the company’s gaming revenue, back during the 2018 fiscal year, when the value of Bitcoin experienced a resurgence in value for a second time.

Back in 2021, NVIDIA launched its CMP lineup of GPUs, designed for the express purpose of mining cryptocurrency. Of course, it doesn’t actually help that there is an ongoing shortage of GPUs in the market, brought about by COVID-19 related supply and production issues.

Ultimately, NVIDIA said that it will adhere to the SEC’s ruling and agreed to pay the fine. It goes without saying that the US$5.5 million is a mere pittance or, as the parlance goes, chump change: the GPU brand had reported revenue of US$9.7 billion (~RM42.4 billion) and profits of US$3 billion (~RM13.1 billion) in 2018. As of 2021, the company reported profits of US$9.7 billion (~RM42.4 billion).

On another note, this isn’t the first time NVIDIA has had to deal with this particular lawsuit. Back in 2021, a Northern District Court of California, dismissed the case, stating that the plaintiff lacked any evidence to prove that NVIDIA was under reporting its revenue.

(Source: SEC, Tom’s Hardware)

Filed Under Cryptocryptominingnvidiasec
Updated 12:04 pm, Mon, 9 May 22
http://lowy.at/DbhKg
Share1Tweet1SendShare

Follow us on Instagram, Facebook, Twitter or Telegram for more updates and breaking news. 

No Result
View All Result

TRENDING THIS WEEK

  1. 1
    Streaming

    Astro To Drop HBO Channels From March, Introduces Four New Channels

  2. 2
    Apps

    Reminder: MyDigital ID To Be Sole Login Method For MyJPJ Starting March 2026

  3. 3
    Editorial

    The Malaysian Who Sold AI.com For US$70 million, Did Not Purchase it for US$100 in 1993

  4. 4
    Streaming

    Astro One Sports And Epic Packs Offered At Discounted Prices Until 30 April 2026

  5. 5
    News

    Johor Data Centre Dispute: Gelang Patah Townhall Tackles Dust, Noise

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Wanista
  • Varnam
  • Hangat
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Compu-zone
    • Viewnet
    • Sri Computers
    • Startec
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2026 VIJANDREN RAMADASS. ALL RIGHTS RESERVED.