Bitcoin (BTC) miner Marathon Digital has disclosed that it obtained one other subpoena from america Securities and Trade Fee (SEC) referring to its 100-megawatt information heart in Hardin, Montana.
Based on Marathon’s quarterly report filed Could 10, it obtained the subpoena on April 10 “referring to, amongst different issues, transactions with associated events” that occurred whereas it was creating the power in Montana, including:
“We perceive that the SEC could also be investigating whether or not or not there might have been any violations of the federal securities regulation. We’re cooperating with the SEC”
The subpoena is the second one obtained by Marathon relating to the power, because it additionally obtained one late within the third quarter of 2021 through which the SEC ordered the agency to supply various associated paperwork and communications.
@SECGov has issued one other subpoena to Marathon Digital.
Marathon Digital is a US based mostly #Bitcoin mining agency.
The subpoena pertains to ongoing investigation tied to Marathon Digital facility in Montana.
Marathon acknowledged that #SEC could also be investigating whether or not or not there have…
— CryptoSmind (@SmindCrypto) Could 11, 2023
A Marathon spokesperson declined to supply any extra feedback.
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On Could 9 Marathon introduced that it had partnered with digital property infrastructure firm Zero Two to create a large-scale immersion Bitcoin mining facility in Abu Dhabi.
The ability would encompass two mining mines with a mixed 250-megawatt capability, and Marathon famous that whereas mining in Abu Dhabi would usually be infeasible, its “custom-built immersion resolution” could be adequate to make sure the mining rigs remained cool.
The announcement got here simply two months after the Biden administration proposed a new tax for crypto miners working within the U.S., which might require them to pay a tax equal to 30% of the price of any electrical energy used whereas mining for crypto.
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