Bitcoin miner MarathonDH beat analyst earnings and revenue estimates for Q1 as production increased, but it has received another subpoena from SECGov for related party transactions. egreechee reports.
Marathon Digital Holdings , one of the largest publicly traded crypto miners in North America, reported a narrower-than forecast first-quarter loss per share as a rising bitcoin price and increased production helped lift the Florida-based company back toward profitability.
The company also said it received another subpoena from the U.S. Securities and Exchange Commission , which is looking into related-party transactions, among other things, that may have violated federal securities law. The company said it is cooperating with the investigation. Marathon posted a net loss of $0.05 per share compared with an average estimate of $0.08 according to FactSet data. The loss narrowed from the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC issues new subpoena to bitcoin miner MarathonMarathon Digital, a U.S.-based bitcoin mining firm, disclosed a new subpoena from the U.S. Securities and Exchange Commission.
Read more »
Bitcoin miner Marathon Digital hit with another SEC subpoenaBitcoin (BTC) miner Marathon Digital has been issued another subpoena by the United States Securities and Exchange Commission (SEC) regarding its 100-megawatt data facility in Montana, according to a quarterly report it recently filed with the regulator.
Read more »
Bitcoin set for desert mining at Abu Dhabi site from Marathon, Zero TwoDubbed Abu Dhabi Global Markets JV Entity, the venture will develop and operate two bitcoin mining sites that will have a capacity of 250MW.
Read more »
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues – Exchanges Bitcoin NewsThe implementation of the Lightning Network by Binance would allow users to have the option of sidestepping the high fees collected by the BTC network when experiencing this kind of congestion.
Read more »
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows – Bitcoin NewsDuring the last two weeks, Bitcoin’s scaling challenges have sparked lots of controversy and diverse perspectives.
Read more »
Bitcoin Cash (BCH) up 8%, Is This Growth Connected to Bitcoin?Bitcoin's network congestion appears to be responsible for growth of Bitcoin Cash (BCH)
Read more »