- Nov 16, 2006
- NV is literally in the middle of a lawsuit saying they misrepresented their sales and product strength to investors during the last crypto boom by fudging the numbers around what portion of their new hardware sales were driven by mining.Nvidia is on the record saying gamers got 90%+ of the cards anyway. ($100-300 million sales for mining out of $2495 million total consumer sales) It's literally the same story as the last time: they keep saying strong demand is from gamers only, then when mining boom stops and overall demand plummets... they spin around really fast and talk about anything else but true mining sales estimates.
History won't be kind on this.
It's a bold move, Cotton! Let's see if it pays off!