NVIDIA Faces Class Action Over Alleged Undisclosed Crypto Mining Revenue

A US federal court has given investors permission to sue NVIDIA for allegedly misrepresenting its reliance on cryptocurrency-related revenues during 2017-2018.

The lawsuit focuses on claims that NVIDIA did not disclose the substantial impact of crypto mining demand on its gaming segment, particularly GeForce graphics cards. According to the plaintiffs, this classification concealed the company's vulnerability to the volatile crypto market.

NVIDIA maintains that crypto-related sales were a minor part of its business, but the lawsuit argues that they played a significant role in driving demand at the time.