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Crypto Mining Stocks Plummet Amid SEC Issues a Subpoena to Marathon Digital Mining Facilities
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blockchain.newsU.S.-based cryptocurrency mining firm Marathon Digital Holdings Inc has received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its Hardin, Montana data centre.
The document indicates that its Hardin data centre may violate the federal securities laws, so it received notifications to be investigated. The document is not without specific details. Marathon Digital said it will actively cooperate with the investigation of the U.S. Securities and Exchange Commission.
The mining company will produce documents and communications for the 100 MW facility and submit the relevant documents to the SEC.
As soon as the news was released, Marathon Digital's stock price had fallen by as much as 27.03%. The stock price fell
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