SEC: Nvidia failed to disclose crypto as revenue generator

Nvidia, a major tech company that has expanded aggressively into gaming, will pay a $5.5 million penalty for failing to disclose that cryptomining was a significant source of revenue growth from the sale of graphics processing units that were produced and marketed for gaming.

Cryptocurrencies are extremely volatile and the U.S Securities and Exchange Commission said Friday that the Santa Clara, California company did not disclose to investors in 2018 the potential future risks of such sales.