Marathon Digital receives subpoena related to its Bitcoin mining data center

Marathon Digital executives received a subpoena from the U.S. Securities and Exchange Commission (SEC) seeking documents and communications regarding its Hardin data center.

The SEC is investigating whether Marathon Digital has violated federal securities laws. Marathon Digital said it is cooperating with the investigation but did not specify the nature of the possible violations. It is reported that on October 6, 2020, Marathon Digital signed a series of agreements with multiple parties to design and build a data center of up to 100 megawatts in Hardin and issue 6 million restricted shares of Marathon common stock.