Investors 'routinely' asked about its crypto sales.
for gamers. But employees apparently acknowledged that many gaming GPUs were still going to miners. “The company’s sales personnel, in particular in China, reported what they believed to be significant increases in demand for Gaming GPUs as a result of crypto mining,” the order says.Given the boom-and-bust nature of cryptocurrency, this meant Nvidia’s sales numbers didn’t necessarily indicate reliable future growth, making investing in it riskier.
Despite this, Nvidia didn’t mention mining-related sales as a factor in its gaming division’s success. Meanwhile, it mentioned crypto as an important factor in other markets, which suggested to the SEC that it was being deliberately deceptive. And investors’ anxieties turned out to be well-founded. A crypto crash in late 2018 led it to
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