Nvidia Faces Lawsuit Over Crypto Mining Revenue Disclosure

Rachana Saha

The Supreme Court is hearing Nvidia's appeal to stop a shareholder lawsuit alleging misleading disclosures about crypto mining revenue.

Fonder AB, the lawsuit accuses Nvidia and CEO Jensen Huang of violating the Securities Exchange Act.

Shareholders claim Nvidia misrepresented revenue sources, emphasizing gaming over crypto-mining.

The 9th U.S. Circuit Court of Appeals revived the crypto lawsuit, citing allegations that Huang knowingly made false statements.

Nvidia disputes shareholder access to internal documents amid ongoing legal scrutiny.