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They specifically were mentioning them in their letters to investors as a positive. See https://www.cnn.com/2022/05/06/tech/nvidia-sec-settlement-crypto-mining
by eftychis 4y ago
They specifically were mentioning them in their letters to investors as a positive.
See https://www.cnn.com/2022/05/06/tech/nvidia-sec-settlement-crypto-mining/index.html https://www.cnn.com/2022/05/06/tech/nvidia-sec-settlement-cr...
"Senior executives at the company sought to capitalize on that demand with a specialized line of cards just for cryptomining, the SEC wrote, but Nvidia salespeople and the company’s internal estimates suggested cryptomining was still accounting for “a significant factor in the year-over-year growth in Gaming revenue.”"
They settled with SEC for hiding profit cannibalization from investors.
Also as the article hints on the hypocrisy, Kagan built a company selling to high frequency traders.
I think the hypocrisy and sourness are abundant qualities in this statement.