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Nvidia Crypto Mining Lawsuit Puts Past Disclosures Under Fresh Scrutiny

Nvidia Crypto Mining Lawsuit Puts Past Disclosures Under Fresh Scrutiny

  • Federal court certifies a class-action lawsuit against NasdaqGS:NVDA over alleged misrepresentation of gaming GPU revenue tied to cryptocurrency mining in 2017 to 2018.
  • The certified class covers investors who bought Nvidia stock between August 2017 and November 2018.
  • The case moves closer to trial after the Supreme Court declined to hear Nvidia’s appeal, following earlier SEC enforcement action related to similar disclosures.

Nvidia, traded as NasdaqGS:NVDA, is best known for graphics processing units used in gaming, data centers and AI workloads. The new phase of this lawsuit brings fresh attention to how the company reported gaming segment demand during the 2017 to 2018 crypto mining surge. For investors, it ties historical…

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