US Supreme Court Dismisses Nvidia's Appeal of 'Suspicion of Concealing Cryptocurrency Mining Profits'
The US Supreme Court has dismissed Nvidia's appeal of the suspicion of concealing cryptocurrency mining profits, and has approved the lawsuit against Nvidia shareholders to proceed. The case was filed in 2019, and the plaintiffs claim that NVIDIA's sales of GPUs to miners surged in 2017 and 2018, and that the company hid the related sales, causing volatility in the cryptocurrency market. In response, NVIDIA argued that the lawsuit was not sufficiently detailed to be executed as a legal process for collecting evidence.
