- NVIDIA faces a class action as investors claim $1B in crypto mining revenue was hidden under gaming sales.
- Investors say NVIDIA didn’t clearly show that crypto demand drove GPU sales during the 2017–2018 boom.
- A hearing on April 21, 2026, will guide this long-running NVIDIA crypto lawsuit case.
The NVIDIA crypto lawsuit will now continue as a class action. The court decision lets investors combine their claims into one case. It covers those who bought Nvidia shares between August 2017 and November 2018.
Investors claim Nvidia recorded over $1 billion in crypto mining revenue under the gaming division, but failed to clearly disclose it.
Revenue Reporting During the Crypto Boom
It is alleged that during the 2017-2018 crypto market surge, the demand for GPUs increased due to the growing use of these products in mining activities.
According to the lawsuit, NVIDIA failed to provide a separate identification between the revenue generated from gaming and the revenue generated from mining.
Rather, the plaintiff claims that revenues derived from mining were folded into the overall gaming sales figures. This made it difficult for investors to evaluate NVIDIA’S overall financial exposure to the demand for cryptocurrency.
Later in 2018, Nvidia disclosed weaker demand tied to the crypto slowdown. The company also reported excess inventory. Its stock price dropped sharply following those updates.
Earlier SEC Case Still Relevant
In 2022, the U.S. Securities and Exchange Commission fined NVIDIA over $5 Million in another lawsuit over disclosure failures linked to crypto mining.
However, due to a lack of transparency, it did not settle investor claims, as it added no weight to them. The current lawsuit revisits those same questions in a different setting.
The court also reviewed internal company communications. One message suggested earlier statements may have supported the stock price. This detail influenced the court’s view on possible market impact.
What Comes Next
The NVIDIA crypto lawsuit now moves into the next stage. Both sides will continue building their arguments as the process unfolds. The April hearing will shape the case timeline.
The group of investors involved bought shares during the crypto boom period. Their claims focus on whether Nvidia clearly explained where its revenue came from. That issue will remain central as the case develops.
NVIDIA has said crypto mining made up a small part of its business. It also stated that mining-related sales were tracked separately. These points are expected to be tested as the case continues.
The court has not ruled on liability. However, allowing the class action keeps the case active. It brings renewed focus to how companies reported crypto-related revenue during that period.