Did You Acquire (MARA) Before October 13, 2020? Should Management be Held Accountable for Investors Losses? Contact Johnson Fistel

San Diego, California--(Newsfile Corp. - February 27, 2022) - Johnson Fistel, LLP is investigating potential claims on behalf of Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (NASDAQ: MARA) against certain of its officers and directors.

Recently, a class action complaint was filed against Marathon Digital. The class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) the Beowulf joint venture, as it related to the Hardin facility, implicated potential regulatory violations, including U.S. securities law violations; (ii) as a result, the Beowulf joint venture subjected Marathon Digital to a heightened risk of regulatory scrutiny; (iii) this was reasonably likely to have a material negative impact on Marathon Digital's business and commercial prospects; and (iv) as a result, Marathon Digital's public statements were materially false and misleading at all relevant times.

If you are a current, long-term shareholder of Marathon shares before October 13, 2020, you may have standing to hold Marathon harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.

To join this action, you can go to:

https://www.cognitoforms.com/JohnsonFistel/MarathonDigitalHoldingsIncFkaMarathonPatentGroupInc

or

[Click here to join this action]. There is no cost or obligation to you.

If you are interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115008