{"id":11931,"date":"2023-05-11T07:08:36","date_gmt":"2023-05-11T07:08:36","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=11931"},"modified":"2023-05-11T07:08:37","modified_gmt":"2023-05-11T07:08:37","slug":"bitcoin-miner-marathon-digital-hit-with-another-sec-subpoena","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11931","title":{"rendered":"Bitcoin miner Marathon Digital hit with another SEC subpoena"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) miner Marathon Digital has disclosed that it received another subpoena from the United States Securities and Exchange Commission relating to its 100-megawatt data center in Hardin, Montana.<\/p>\n<p>According to Marathon\u2019s quarterly report filed May 10, it received the subpoena on April 10 \u201crelating to, among other things, transactions with related parties\u201d that occurred while it was creating the facility in Montana, adding:<\/p>\n<p>\u201cWe understand that the SEC may be investigating whether or not there may have been any violations of the federal securities law. We are cooperating with the SEC.\u201d<\/p>\n<p>The subpoena is the second one received by Marathon regarding the facility. It also received one late in the third quarter of 2021 in which the SEC ordered the firm to produce a number of related documents and communications. <\/p>\n<p lang=\"en\" dir=\"ltr\">@SECGov has issued another subpoena to Marathon Digital.<\/p>\n<p>Marathon Digital is a US based #Bitcoin mining firm.<\/p>\n<p>The subpoena relates to ongoing investigation tied to Marathon Digital facility in Montana.<\/p>\n<p>Marathon stated that #SEC may be investigating whether or not there have\u2026<\/p>\n<p>\u2014 CryptoSmind (@SmindCrypto) May 11, 2023<\/p>\n<p>A Marathon spokesperson declined to provide any additional comments.<\/p>\n<p><em><strong>Related: <\/strong><strong>Bitcoin \u2018under siege\u2019 by BRC-20 coins as fees soar, claims analyst<\/strong><\/em><\/p>\n<p>On May 9, Marathon announced that it had partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin mining facility in Abu Dhabi.<\/p>\n<p>The facility would consist of two mining mines with a combined 250-megawatt capacity, and Marathon noted that while mining in Abu Dhabi would normally be infeasible, its \u201ccustom-built immersion solution\u201d would be sufficient to ensure the mining rigs remained cool.<\/p>\n<p>The announcement came just two months after the Biden administration proposed a new tax for crypto miners operating in the U.S., which would require them to pay a tax equal to 30% of the cost of any electricity used while mining for crypto.<\/p>\n<p><strong><em>Magazine: $3.4B of Bitcoin in a popcorn tin \u2014 The Silk Road hacker\u2019s story<\/em><\/strong><\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-miner-marathon-digital-hit-with-another-sec-subpoena\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) miner Marathon Digital has disclosed that it received another subpoena from the United States Securities and Exchange Commission relating to its 100-megawatt data center in Hardin, Montana. According to Marathon\u2019s quarterly report filed May 10, it received the subpoena on April 10 \u201crelating to, among other things, transactions with related parties\u201d that occurred [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-11931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11931"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11931\/revisions"}],"predecessor-version":[{"id":11933,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11931\/revisions\/11933"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11932"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}