The U.S. Securities and Exchange Commission has asked cryptocurrency mining company Marathon Digital Holdings to prepare documentation and contact information for one of its Montana mining facilities.
According to a filing with the SEC on Nov. 15, Marathon Digital received a subpoena related to an investigation into possible violations of federal securities laws regarding the data center, whether Hardin, Montana. In the third quarter of 2021, the SEC requested the mining company to provide documentation and contact information for the 100-megawatt facility that the company is expected to expand and reserve with Bitcoin (BTC) miners in October 2020.
Marathon Digital said it was cooperating with the SEC investigation but did not respond to the subpoena details. A separate filing dated October 2020 shows that the company has issued 6 million shares of restricted common stock “in subscription-free transactions”.
Marathon Electronic stock’s share price fell about 17% today to $ 63.07 as news of the subpoena hit major traders as well as stock prices from major crypto miners including Riot Blockchain, Bitfarms, Bit Digital and Hut 8 – a minus of 6%, 2%, 3% and 5%, respectively.
Related: Bitcoin miners rely on nuclear power for sustainable energy generation
Marathon Electronic announced today that it plans to buy more BTC and set up new crypto miners through a separate $ 500 million debt. Cointelegraph reported Nov. 3 that the company’s MARA stock hit a six-year high, with the miner amassing $ 460 million in bitcoin.
.
.
Bitcoin transactions represent the movement of bitcoins from senders to receivers, digitally signed using cryptography…
Visa's new metric finds that over 90% of stablecoin transaction volumes lack genuine user engagement.
Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…
Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…
The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…
Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…
This website uses cookies.