Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Michael Ho non-circumvention dispute
A California federal jury found Marathon liable for $138 million in a dispute over alleged use of proprietary Bitcoin-mining information supplied by investor Michael Ho. Marathon disputed the verdict's findings and damages basis.
2024
Community complaints regarding Granbury mining facility
Residents near a Marathon facility in Granbury, Texas, reported noise and health complaints in an investigation published by Time and attributed the problems to nearby Bitcoin-mining activity.
2022
Securities class action announced against Marathon Digital Holdings
Lawsuit filed
Kuznicki Law PLLC announced a securities class action on behalf of shareholders of Marathon Digital Holdings, alleging that false or misleading statements or omissions of material information led to artificial inflation of the company's stock. The notice said shareholders could file lead plaintiff applications by February 15, 2022.
Source excerpt
The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock.
The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (NasdaqCM: MARA), if they purchased the Company's shares between October 13, 2020 and November 15, 2021, inclusive (the "Class Period"). Shareholders have until to file lead plaintiff applications in the securities class action lawsuit.February 15, 2022
2021
Patent-troll criticism
In its earlier Marathon Patent Group period, the company and its Uniloc subsidiary were criticized for acquiring patents and using litigation against technology firms, leading to a negative reputation as a non-practicing patent enforcer.
2021
SEC inquiry and investor litigation involving the Hardin project
The company disclosed an SEC subpoena concerning six million shares linked to the Montana project. Investor suits alleged misleading statements about the venture and its regulatory risks; the cases were voluntarily dismissed in October 2022.