Marathon Digital Holdings, a publically-listed Bitcoin mining firm, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in regards to an investigation pertaining to its Montana mining facility. The Securities and Exchange Commission is reportedly looking into potential violations of federal securities law concerning the Montana Mining Facility.
Marathon Digital Holding receiving a second SEC subpoena in connection to their Montana Mining Facility investigation has been making headlines. The SEC is currently investigating potential violations of federal securities law, which have been brought to their attention. This is the second time Marathon Digital Holdings has been served with a subpoena from the U.S. Securities and Exchange Commission.
This latest development has put the spotlight on Marathon Digital Holdings, as well as their Montana Mining Facility. It remains unclear exactly what violations may have been committed, but the SEC has clearly indicated that it is investigating potential violations of federal securities law. Marathon Digital Holdings has not released any further information on the matter, but has stated that they are cooperating with the SEC investigation.
