U.S. court lets Nvidia crypto mining revenue class action proceed

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US court lets Nvidia crypto-mining revenue class action proceed.

Investors get class status against Nvidia and CEO Jensen Huang over alleged concealment of crypto-mining GPU sales. The class window runs Aug 10, 2017 to Nov 15, 2018 (Wu Blockchain tweet).

Plaintiffs say Nvidia hid mining-driven demand inside its gaming segment. They claim the company concealed over $1B in crypto-related GPU revenue (source).

Ethereum mining fueled the surge in 2017–2018. Demand centered on Ethereum GPUs, not gamers.

U.S. court

Key points for holders:
- Class period set to Aug 10, 2017–Nov 15, 2018 (court update via Wu).
- Core allegation is segment mislabeling of mining revenue as gaming (allegations).
- Plaintiffs cite over $1B in concealed crypto-mining sales (claim).