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> Nvidia CFO Colette Kress insisted that the company is "unable to accurately quantify the extent to which reduced crypto mining contributed to the decline in g
by yuan43 4y ago
> Nvidia CFO Colette Kress insisted that the company is "unable to accurately quantify the extent to which reduced crypto mining contributed to the decline in gaming demand," notably because Nvidia has gotten into trouble with the SEC for obscuring the number of GPUs it was selling to cryptocurrency miners in the past.
This sentence is confusing. Is "because" the right word here? If Nvidia got into trouble for obscuring the number of GPUs used in mining, wouldn't that motivate the company to get a handle on this number as part of its obligation to disclose risks to shareholders? Especially because Ethereum is about to render most mining rigs useless with the upcoming "merge"?
- wmf 4y agoOr it would motivate them to simply refuse to comment so they can't be accused of lying.
- deleted 4y ago[deleted]