Nvidia "Concealed Over $1 Billion in Crypto Mining GPU Revenue" Case Approved to Proceed as Class Action Lawsuit

CycleProphet · 2026-03-26T05:24:05+00:00

A U.S. federal judge has approved a class action lawsuit against Nvidia and CEO Jensen Huang, alleging they concealed the company's dependence on GPU sales to cryptocurrency miners between 2017 and 2018, causing investors to underestimate risks. Nvidia was previously fined $5.5 million by the SEC.

CycleProphet

2026-03-26 05:24:05

Abstract generation in progress

Deep Tide TechFlow News, on March 26, according to Decrypt, U.S. federal judge Haywood S. Gilliam Jr. approved a class-action lawsuit against NVIDIA and its CEO Jensen Huang. The plaintiffs allege that both parties concealed the extent to which gaming GPU revenue depended on crypto mining demand between 2017 and 2018.

The court found that NVIDIA failed to prove that its statements regarding crypto mining revenue did not impact the stock price, allowing the lawsuit to proceed as a class action. The plaintiffs claim that NVIDIA included over $1 billion in mining-related GPU sales into its gaming segment, deliberately downplaying the scale of crypto mining demand, which led investors to underestimate the company’s exposure to crypto market cycle fluctuations.

Previously, the U.S. Securities and Exchange Commission (SEC) fined NVIDIA $5.5 million in 2022 for disclosure violations.

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