Marathon Digital receives yet another subpoena from SEC for Bitcoin mining

The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal securities laws relating to its data center in Hardin. Here are the most important things to know about this topic:

1. Marathon’s Data Center in Hardin: Marathon is a cryptocurrency mining company that operates a data center in Hardin, Montana. The data center is powered by hydroelectricity and has been operational since 2018.

2. Violation of Federal Securities Laws: The subpoena sent to Marathon is related to potential violations of federal securities laws. The company is being investigated for possible misrepresentations or omissions of material facts related to its operations and financial performance.

3. Impact on Marathon: The investigation could have a significant impact on Marathon’s business and reputation. If found guilty of violating federal securities laws, the company could face fines, legal action, and damage to its reputation.

In summary, Marathon’s receipt of a subpoena related to potential violations of federal securities laws is a significant development that could have far-reaching consequences for the company. It remains to be seen how the investigation will unfold and what impact it will have on Marathon’s future operations.