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Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues

Marathon Digital (MARA) said it will need to restate portions of its audited 2021 results and currently unaudited quarterly reports from 2022 after an inquiry from the U.S. Securities and Exchange Commission (SEC) flagged technical accounting matters.

The restatements are not likely to have any impact on total margin, operating income or net income in 2021 or any of the quarterly 2022 results, said the company, which also said it does not expect to be able complete its 2022 10-K by the March 1 deadline. Marathon does anticipate it will file the 10-K within 15 days of that deadline.

Bitcoin Miner Marathon Digital
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