Bitcoin Miner Marathon Receives Another Subpoena from SEC
- SEC may be investigating if it has violated securities laws
- Marathon is among the largest publicly traded crypto miners
Fred Thiel, chief executive officer of Marathon Digital Holdings.
Photographer: Jordan Vonderhaar/BloombergThis article is for subscribers only.
Bitcoin miner Marathon Digital Holdings said it received another subpoena from the US Securities and Exchange Commission related to an investigation of a Montana data center that may involve potential violations of securities laws.
“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,” Marathon said in a filing Wednesday. A spokesperson declined to comment beyond the filing.