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I think this is the other big reason:

They seems to  have lost $100s of dollars on their high margin GPUs... Those are the ones that you usually make money on. Tbh high end Evga GPUs had a lot of issues this gen with the biggest of which being their 3090 bricking when playing amazon new world. There were some others as well but it was mainly just Evgas and it sounds like the RMA costs may have put them over the edge. And with so much competition from other AIBs as well as Nvidia... Yea... Maybe they weren't looking too good in the long run.



                  

PC Specs: CPU: 7800X3D || GPU: Strix 4090 || RAM: 32GB DDR5 6000 || Main SSD: WD 2TB SN850