Bitcoin (BTC) miner Marathon Digital has introduced that it has acquired one other subpoena from the U.S. Securities and Change Commission associated to its 100-megawatt information middle in Hardin, Montana.
Based on Marathon’s quarterly report filed Might 10, the corporate acquired the subpoena on April 10, “which associated, amongst different issues, to transactions with associated events” that occurred throughout development of the Montana facility, including:
“We perceive that the SEC could also be investigating whether or not there might have been violations of the federal securities regulation. We’re cooperating with the SEC.”
The subpoena is the second Marathon has acquired concerning the power. In late Q3 2021, the corporate additionally acquired a submitting from the SEC requesting the corporate to file numerous associated paperwork and filings.
@SECGov has issued one other subpoena to Marathon Digital.
Marathon Digital is a US-based #Bitcoin mining firm.
The subpoena pertains to ongoing investigations associated to the Marathon Digital facility in Montana.
Marathon indicated #SEC could also be investigating whether or not it…
— CryptoSmind (@SmindCrypto) Might 11, 2023
A Marathon spokesman declined to remark additional.
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On Might 9, Marathon introduced that it has partnered with digital asset infrastructure firm Zero Two to construct a large-scale immersion bitcoin mining facility in Abu Dhabi.
The power would encompass two mining mines with a mixed capability of 250 megawatts, and Marathon identified that whereas mining in Abu Dhabi just isn’t usually possible, the “tailored submersible resolution” could be sufficient to make sure the mining rigs keep cool.
The announcement comes simply two months after the Biden administration proposed a brand new tax for crypto miners working within the US that may require them to pay a tax equal to 30% of the price of the electrical energy mined by the crypto -Mining is consumed.
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