Marathon Holdings, the prominent Bitcoin miner has been served with a subpoena by the U.S. Securities and Exchange Commission.
This move by the SEC is part of an ongoing investigation into data centres located in Montana. Further, this is with a focus on potential violations of securities laws. Marathon, being among the largest publicly traded crypto miners with a focus on Bitcoin, now finds itself under scrutiny.
Among the largest publicly traded crypto miners is Marathon Digital Holdings.
The company made a public disclosure that it was served with another subpoena from the SEC on April 10, 2023. This particular subpoena relates to related party transactions. It is also adding another layer to the ongoing investigation surrounding potential breaches of federal securities laws.
The company, recognising the seriousness of the matter, has expressed its commitment to cooperate fully with the SEC in its investigation. Marathon is cooperating with the SEC, as said so in a statement filed Wednesday. However, a spokesman declined to comment further.
This has left the public to speculate on the specifics and potential implications of the investigation.
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