Bitcoin miner Marathon Digital hit with another SEC subpoena
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. Bitcoin (BTC) miner Marathon Digital has disclosed that it received another subpoena from the United States Securities and Exchange Commission (SEC) relating to its 100-megawatt data center in Hardin, Montana. According to Marathon’s quarterly report filed May 10, it received the subpoena on April 10 “relating to, among other things, transactions with related parties” that occurred while it was creating the facility in Montana, adding: “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” The subpoena is the second one received by Marathon regarding the facility, as it also received one late in the third quarter of 2021 in which the SEC ordered the firm to produce a number of related documents and commun...