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Marathon Digital served with additional SEC subpoena over alleged securities law violations related to Montana mining facility

Marathon Digital, a Bitcoin mining company, has received an additional subpoena from the US Securities and Exchange Commission (SEC) over alleged violations of securities laws. The subpoena is related to the construction of a mining facility in Hardin, Montana in 2020, which was funded by the issuance of 6 million new shares. The SEC is now requesting more information about these transactions. Marathon Digital has confirmed that they are cooperating with the SEC's investigation. This news comes after the company announced plans to build the largest-ever Bitcoin mining data center in the Middle East through a joint venture with Zero Two.

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