Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Marathon Digital Holdings, Inc. (NASDAQ: MARA) (“Marathon”) securities between September 13, 2021 and November 14, 2021.
Marathon investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
Marathon, headquartered in Las Vegas, Nevada, is a digital asset technology company that primarily engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.
On November 15, 2021, Marathon reported its third-quarter 2021 financial results through the filing of a Form 10-Q. In the report, Marathon disclosed that the company received a subpoena from the U.S. Securities and Exchange Commission (“SEC”) seeking documents concerning its Hardin, Montana data center. Specifically, Marathon revealed that “during the quarter ended September 30, 2021, [Marathon] and certain of its executives received a subpoena to produce documents and communications concerning the Hardin, Montana data center facility described in [Marathon’s] Form 8-K dated October 13, 2020.” The report went on to disclose that Marathon understands “that the SEC may be investigating whether or not there may have been any violations of the federal securities law.”
Following this news, Marathon stock fell $20.52, or 27%, and closed at $55.40 per share on November 15, 2021.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.