BTC miner Marathon Digital subpoenaed by SEC over securities violation
The U.S. securities regulator first sent a subpoena to Marathon in late 2021 for alleged federal securities violations related to its data center facility in Hardin, Montana.
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Marathon to launch Middle East’s first large-scale BTC mining operation
First announced in January, the operation is a joint venture between Marathon and Zero Two, a Web3 company launched in 2022 by Abu Dhabi’s $160 billion sovereign fund ADQ.
BTC miner Marathon Digital records $686M loss in 2022, revenue down 58%
Marathon Digital was dealt a blow by the BTC price decline towards the end of 2022, with an impairment charge on the carrying value of its mining rigs hitting $332 million.
BTC miner Marathon Digital to launch $400M Abu Dhabi mining facility
Marathon partnered with FS Innovation on the project, which it estimates will produce 250 MW of energy as it strives to recover from a rough year for block reward miners.
Marathon Digital settles with former CEO for $24 million
The block reward mining company agreed to stock unit awards with former CEO Merrick Okamoto who stepped down last year and was replaced by Fred Thiel.
Compute North files for Chapter 11 bankruptcy with $500M in debt
Compute North operates data centers for miners, including Marathon Digital and Hive Blockchain, but a $300 million loan has made it the latest bear market casualty.