Nvidia (NVDA) Class Action Certified Over Hidden Crypto Mining Sales Claims

Key Takeaways On March 25, a federal judge in California granted class certification in an investor lawsuit against Nvidia and its CEO Jensen Huang Plaintiffs allege the company concealed more than $1 billion in graphics card sales to cryptocurrency miners, misrepresenting them as gaming revenue between 2017 and 2018 In 2022, Nvidia settled with the SEC for $5.5 million over inadequate disclosure of crypto mining’s influence on gaming segment sales The certified class includes all NVDA shareholders who purchased shares from August 10, 2017 through November 15, 2018 A case management hearing is scheduled for April 21 through Zoom; shares traded at $174.03, declining 2.5% Nvidia (NVDA) was trading at $174.03, down 2.50% at the time of writing. NVIDIA Corporation, NVDA Shares declined following a California federal court decision that brought the extended cryptocurrency revenue litigation significantly closer to reaching trial. A U.S. federal court ruled that a lawsuit against Nvidia and CEO Jensen Huang over alleged concealment of crypto mining-related GPU revenue can proceed as a class action, covering investors between Aug. 10, 2017 and Nov. 15, 2018; plaintiffs claim Nvidia hid over $1 billion in… pic.twitter.com/fIv50rmP9J — Wu Blockchain (@WuBlockchain) March 26, 2026 The Foundation of the Legal Challenge The central accusation is clear-cut: Nvidia communicated to shareholders that its gaming graphics card revenue was expanding because of increased purchases from video game enthusiasts. However, this narrative omitted critical information. Throughout the 2017 cryptocurrency surge, Ethereum mining operations were purchasing GeForce graphics cards in massive quantities. This demand was silently responsible for a substantial portion of what Nvidia classified as “gaming” revenue. Quarterly sales surged by 52% followed by 25% year-over-year during these timeframes. The plaintiffs contend that shareholders were completely unaware of how much revenue depended on cryp...