Marathon Digital Is the Latest Victim of SEC's Regulatory Actions
In its filings on Wednesday, May 10, Marathon Digital said: “The Company received an additional subpoena from the SEC on April 10, 2023, relating to, among other things, transactions with related parties. 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”. advertisement This is another subpoena sent to the company and its executives, after the first received in the quarter ending September 2021. The Las Vegas-based Bitcoin miner also restated its annual report and said in February this year that it had found accounting errors in financial statements for several quarters after the firm received comments from the US securities regulator. Marathon Digital and US Operations Marathon Digital (NASDAQ: MARA) is one of the largest publicly-traded crypto mining companies in the Us as per computing power. Marathon’s stock has been cl...