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Mar 26, 2026

Nvidia Faces Certified Class Action Lawsuit Over Alleged Undisclosed Crypto Mining Revenue

A federal judge in California has certified a class of Nvidia investors alleging the chipmaker failed to properly disclose billions of dollars in crypto-related GPU revenue. The certification allows the securities case to advance toward potential trial.

Mar 26, 2026·3 sources
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Top claims

  • ▪Nvidia maintained that crypto mining accounted for only a small part of its business and that most mining-related sales were tracked separately from its core gaming division.
  • ▪Investors alleged that Jensen Huang downplayed the scale of crypto mining demand for Nvidia GPUs.
  • ▪The SEC fined Nvidia $5.5 million in 2022 for failing to disclose the impact of crypto mining on its business.

Topics

Landmark crypto casesBitcoin miningCrypto enforcement actions

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