NVIDIA faces a class action lawsuit for concealing cryptocurrency mining revenue.

MarsBitNews · 2026-03-26T05:41:09+00:00

A U.S. federal judge has approved a class-action lawsuit for securities fraud against Nvidia and its CEO Jensen Huang, accusing them of concealing the impact of cryptocurrency mining on revenue, which led to a significant drop in stock prices. The case covers investors from 2017 to 2018, with a hearing scheduled for April 21.

MarsBitNews

2026-03-26 05:41:09

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According to Mars Finance, a U.S. federal judge has approved a class-action securities fraud lawsuit against NVIDIA and its CEO Jensen Huang. Investors allege that NVIDIA concealed the true scale of revenue from gaming GPU sales related to cryptocurrency mining between 2017 and 2018. Internal company emails show that executives believed NVIDIA’s stock “remained high due to related statements.” After NVIDIA disclosed a decline in crypto-related sales in November 2018, its stock price dropped approximately 28.5% over two trading days. The U.S. Securities and Exchange Commission fined NVIDIA $5.5 million in 2022 for failing to disclose the impact of crypto mining on its business. The case was initially filed in 2018, dismissed in 2021, but the appeal was successful. After the Supreme Court rejected NVIDIA’s appeal, the case continued as a class action. The class includes investors who purchased NVIDIA stock between August 10, 2017, and November 15, 2018. A case management conference is scheduled for April 21.

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