{"id":52953,"date":"2021-11-16T14:02:18","date_gmt":"2021-11-16T12:02:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=52953"},"modified":"2025-09-03T12:41:01","modified_gmt":"2025-09-03T09:41:01","slug":"marathon-shares-slide-after-sec-investigation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/marathon-shares-slide-after-sec-investigation\/","title":{"rendered":"Marathon shares slide after SEC investigation"},"content":{"rendered":"

Nasdaq-listed mining company Marathon Digital Holdings said it is the subject of an investigation by the U.S. Securities and Exchange Commission (SEC). The company’s shares tumbled in response.<\/p>\n

The closing price on Monday, November 15, was $75.92. At the time of writing, in premarket trading Marathon shares were around $55.42 \u2014 roughly 27% lower.<\/p>\n

\"\u0410\u043a\u0446\u0438\u0438
Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In the SEC filing<\/a> Form 10-Q, the company stated:<\/p>\n

\n

\u00abDuring the quarter ended September 30, 2021, the company and some of its executives received subpoenas seeking documents and information related to the data center in Hardin, Montana\u00bb.<\/p>\n<\/blockquote>\n

Marathon said it understood the Commission may be investigating potential violations of federal securities laws.<\/p>\n

\n

\u00abWe are cooperating with the SEC,\u00bb the company said.<\/p>\n<\/blockquote>\n

Earlier Marathon reported<\/a> a strong third quarter. In three months the company mined 1,254.4 BTC, up 91% from the second quarter. The company\u2019s cryptocurrency reserves stood at 7,035 BTC, including 4,812.66 BTC acquired<\/a> in January.<\/p>\n

On November 15 Marathon announced<\/a> a $500 million convertible-bonds offering. Proceeds are to be used for additional Bitcoin purchases and equipment for its mining operations.<\/p>\n

Subsequently the company announced<\/a> an increase in debt offerings to $650 million.<\/p>\n

Noting that among Marathon’s shareholders are investment giants such as BlackRock<\/a> and Fidelity Investments<\/a>.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nasdaq-listed mining company Marathon Digital Holdings said it is the subject of an investigation by the U.S. Securities and Exchange Commission (SEC). The company’s shares tumbled in response.<\/p>\n","protected":false},"author":1,"featured_media":52954,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1323,1185,128,1211],"class_list":["post-52953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investigations","tag-marathon-digital-holdings","tag-sec","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=52953"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52953\/revisions"}],"predecessor-version":[{"id":52955,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/52953\/revisions\/52955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/52954"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=52953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=52953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=52953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}