NVIDIA Faces Class Action After Court OKs $1 Billion Crypto-Mining Revenue Claims – Stock Dips 7%

NVIDIA shares, NVDA, fell 7% on Thursday after a US federal judge allowed an investor lawsuit to proceed as a class action, reviving allegations that the company and CEO Jensen Huang concealed more than $1 billion in crypto-mining–related graphics card sales. NVIDIA Accused Of Hiding $1 Billion In Crypto Sales The suit, originally filed in 2018, contends that NVIDIA misled shareholders by attributing surging revenue to gaming demand while minimizing the substantial contribution from cryptocurrency miners. Plaintiffs maintain that the company funneled orders from miners through consumer GeForce gaming cards rather than reporting them under dedicated crypto product lines, inflating the appearance of organic gaming growth. Related Reading: MARA Holdings’ Bitcoin Sell-Off: 15,000 BTC Liquidated As Prices Crash Below $69,000 According to internal testimony and documents disclosed in the court filing, independent analyses place undisclosed crypto-related GPU revenue between $1.1 billion and