San Diego, CA -- (SBWIRE) -- 12/08/2021 -- Marathon Digital Holdings, Inc is under investigation over possible violations of securities laws in connection with certain financial statements.

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 concerning whether certain 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 $35.97 per share on December 6, 2021.

Those who purchased shares of Marathon Digital Holdings, Inc. (NASDAQ: MARA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.