MARA Investigation Alert: Kessler Topaz Meltzer & Check, LLP is Investigating Securities Fraud Claims on Behalf of Marathon Digital Holdings, Inc. (MARA) Investors

Radnor, Pennsylvania--(Newsfile Corp. - November 17, 2021) - The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of investors of Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon").

Marathon, headquartered in Las Vegas, Nevada, is a digital asset technology company that primarily engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.

On November 15, 2021, Marathon reported its third-quarter 2021 financial results through the filing of a Form 10-Q. In the report, Marathon disclosed that the company received a subpoena from the U.S. Securities and Exchange Commission ("SEC") seeking documents concerning its Hardin, Montana data center. Specifically, Marathon revealed that "during the quarter ended September 30, 2021, [Marathon] and certain of its executives received a subpoena to produce documents and communications concerning the Hardin, Montana data center facility described in [Marathon's] Form 8-K dated October 13, 2020." The report went on to disclose that Marathon understands "that the SEC may be investigating whether or not there may have been any violations of the federal securities law."

Following this news, Marathon stock fell $20.52, or 27%, and closed at $55.40 per share on November 15, 2021.

If you are a Marathon investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll free at (844) 887-9500; E-mail at info@ktmc.com.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500
info@ktmc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103989