Nvidia, the largest company in the world by market capitalization, faces a new legal headache from investors after a judge finally granted class action status in a longstanding case about crypto-related disclosures.
The group of investors behind the lawsuit allege that the California-based firm failed to disclose how much revenue derived from computer graphics cards used in its volatile crypto mining business.
Nvidia Investors Alleging Crypto-Related Disclosure Errors Win Class Action Status
26 March 2026 - 11:50 CET
Specifically, the suit alleges that Nvidia failed to disclose a $1bn contribution from mining to its GPU sales during 2017-18. The investors argue this lack of transparency prevented them from accurately assessing the risk profile of the firm.
The legal challenge remains a significant hurdle for the $4.3tn market cap firm led by Jensen Huang. The 25 Mar ruling by the US District Court for the Northern District of California marks the latest stage in a legal battle potentially worth billions of dollars. This case has moved through several years of appeals and rejections before reaching this point. As a next step, the court set a case management conference for 21 Apr.
Regulators, hobbyists shape the legal landscape
Separately from the investor claims the firm was previously fined $5.5mn by the Securities and Exchange Commission in 2022 for similar disclosure failures. Nvidia is considered a pillar for small-scale crypto mining, as hobbyist miners who cannot afford dedicated rigs often use graphics cards to accumulate tokens. Although the tech giant has taken extensive measures to reduce exposure to such activity, token miners consistently find ways to circumvent these restrictions.
