Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation

Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. säkerhet och utbytesprovision (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into potential violations of federal securities law.

Innehåll

Marathon’s Montana Mining Facility Under SEC Investigation, Company Receives Second Subpoena

Marathon Digital Holdings (Nasdaq: MARA) was served with a second subpoena on April 10, 2023, following a previous subpoena in October 2020. The company disclosed the news in its May 10 SEC filing, revealing that it has now received a total of two subpoenas.

According to the filing, the subpoena requires the company and certain executives to produce documents and communications related to the Hardin, Montana data center facility, which was previously described in a Form 8-K dated October 13, 2020. Marathon said it is fully cooperating with the investigation, and will provide the requested information to the SEC.

“The company received an additional subpoena from the SEC on April 10, 2023, relating to, among other things, transactions with related parties,” Marathon added. “We understand that the SEC may be investigating whether or not there may have been any violations of the federal securities law. We are cooperating with the SEC.”

Marathon’s subpoena comes on the heels of the company’s announcement of a partnership with Abu Dhabi-based Zero Two. The two firms are planning to build two large-scale immersion-cooled crypto-mining facilities. i alla fall, the company’s shares have taken a hit, med en 5.14% drop in the past day and a 6.78% decline over the last five days against the U.S. dollar. Despite the recent drop, Marathon’s stock has been performing well this year, med en 184.41% increase in 2023.

What impact will the SEC investigation have on Marathon Digital Holdings’ future business operations and stock performance? Share your opinions about this subject in the comments section below.

Jamie Redman

Jamie Redman är nyhetsledare på Bitcoin-Tidings.com News och en finansteknisk journalist som bor i Florida. Redman har varit en aktiv medlem i kryptovalutagemenskapen sedan dess 2011. Han har en passion för Bitcoin, öppen källkod, och decentraliserade applikationer. Sedan september 2015, Redman har skrivit mer än 7,000 artiklar för Bitcoin-Tidings.com Nyheter om de störande protokoll som dyker upp idag.




Bildkrediter: Shutterstock, Pixabay, Wiki Commons, g0d4ather / Shutterstock.com

varning: Den här artikeln är endast i informationssyfte. Det är inte ett direkt erbjudande eller uppmaning till ett erbjudande att köpa eller sälja, eller en rekommendation eller rekommendation av någon produkt, tjänster, eller företag. Bitcoin-Tidings.com ger inte investeringar, beskatta, Rättslig, eller redovisningsrådgivning. Varken företaget eller författaren ansvarar, direkt eller indirekt, för alla skador eller förluster som orsakas eller påstås vara orsakade av eller i samband med användningen av eller tilliten till något innehåll, varor eller tjänster som nämns i denna artikel.

Läsa varning