Wu Blockchain (@WuBlockchain): 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 procee…
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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 crypto-related GPU sales and recorded them in its gaming segment, impacting its stock price; the court found Nvidia failed to prove no price impact, with the case moving forward and a hearing set for April 21; the SEC had previously fined Nvidia $5.5 million in 2022 for failing to disclose crypto mining impacts.