Bitcoin (BTC) miner Marathon Digital has disclosed that it acquired one other subpoena from the USA Securities and Change Fee regarding its 100-megawatt information heart in Hardin, Montana.
In keeping with Marathon’s quarterly report filed Might 10, it acquired the subpoena on April 10 “regarding, 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 could have been any violations of the federal securities regulation. We’re cooperating with the SEC.”
The subpoena is the second one acquired by Marathon concerning the power. It additionally acquired one late within the third quarter of 2021 wherein the SEC ordered the agency to supply quite a lot of associated paperwork and communications.
@SECGov has issued one other subpoena to Marathon Digital.
Marathon Digital is a US primarily based #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) Might 11, 2023
A Marathon spokesperson declined to supply any extra feedback.
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On Might 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 include 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 answer” could be ample 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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