The Securities and Exchange Commission (SEC) has now zeroed in on the prominent Bitcoin mining company, Marathon Digital, over alleged violations of securities laws.
Marathon Subpoenaed By SEC
In a recent press release, the Bitcoin mining company Marathon Digital Holdings revealed that it had been subpoenaed by the SEC as a part of its ongoing investigation of the Montana Data Center involving the potential violations of securities laws.
Marathon Digital, which is the second largest publicly traded Bitcoin miner in the US, was subpoenaed by the SEC to produce documents and information related to the company’s operations. Marathon has stated that it intends to cooperate fully with the SEC’s investigation.
Marathon’s Regulatory Troubles
The company filed its quarterly earnings report on Wednesday, wherein it also shared the news of the subpoena.
“The Company received an additional subpoena from the SEC on April 10, 2023, relating to, among other things, transactions with rela
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