The Law Offices of Frank R. Cruz Continues Investigation of Marathon Digital Holdings, Inc. (MARA) on Behalf of Investors

By: Law Offices of Frank R. Cruz via Business Wire

March 16, 2023 at 20:09 PM EDT

The Law Offices of Frank R. Cruz continues its investigation of Marathon Digital Holdings, Inc. (“Marathon” or the “Company”) (NASDAQ: MARA) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On February 28, 2023, Marathon announced that it was unable to timely file its fourth quarter and full year 2022 financial results and would reissue financial statements dating back to 2021 after an inquiry conducted by the SEC flagged several accounting errors.

On this news, Marathon’s stock price fell $0.59, or 8.3%, to close at $6.51 per share on March 1, 2023, thereby injuring investors.

Then, on March 16, 2023, after market hours, Marathon released its fourth quarter and fiscal year 2022 financial results, reporting a net loss of $686.7 million for 2022.

On this news, Marathon’s stock price fell during after-hours trading on March 16, 2023, thereby injuring investors further.

If you purchased Marathon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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