crypto sales

Auto Added by WPeMatico

US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit

by

The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit alleges that Nvidia and its CEO, Jensen Huang, downplayed the impact of … Read more

Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1

by

Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a corporate report. Demand from crypto miners was stronger than expected, the company noted.   Also read: New Player … Read more