Press release
Investigation announced for Investors in shares of Marathon Digital Holdings, Inc. (NASDAQ: MARA)
An investigation for investors in Marathon Digital Holdings, Inc. (NASDAQ: MARA) shares over potential securities laws violations
Investors who purchased shares of Marathon Digital Holdings, Inc. (NASDAQ: MARA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Marathon Digital Holdings, Inc. (NASDAQ: MARA) concerning whether a series of statements by Marathon Digital Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Las Vegas, NV based Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. Marathon Digital Holdings, Inc. reported that its annual Total Revenue rose from $1.185 million in 2019 to $4.35 million in 2020, and that its Net Loss increased from $3.51 million in 2019 to $10.44 million in 2020.
On November 15, 2021, Marathon Digital Holdings announced Q3 2021 financial results and disclosed the company received a subpoena from the U.S. Securities and Exchange Commission seeking documents concerning its Hardin, Montana data center.
Shares of Marathon Digital Holdings, Inc. (NASDAQ: MARA) declined from $83.45 per share on November 9, 2021, to as low as $47.41 per share on November 18, 2021.
Those who purchased shares of Marathon Digital Holdings, Inc. (NASDAQ: MARA) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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