Nvidia Wins Lawsuit Over $1 Billion in Cryptocurrency Mining-Related Sales

On Tuesday, U.S. District Court Judge Haywood Gilliam dismissed a lawsuit alleging that Nvidia misled investors over $1 billion in sales to cryptocurrency miners.

The lawsuit claimed that roughly 60-70% of Nvidia’s sales in China, its largest market, were to miners in 2017 and 2018. That alone might not have been an issue, but the company was accused of keeping the extent of the mining industry’s influence on its success a secret from investors by attributing those sales to its Gaming division.