San Diego, Calif.–(Newsfile Corp. – Jan. 29, 2022) – Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has been filed on behalf of investors in Marathon Digital Holdings, Inc. .f/k/a Marathon Patent Group, Inc. (NASDAQ: MARA) (“Marathon Digital” or the “Company”). The class action is on behalf of shareholders who purchased Marathon Digital securities between October 13, 2020 and November 15, 2021 inclusive (the “Class Period”). To serve as lead plaintiff in this class action, you must move the Court no later than February 15, 2022.

What actions can I take at this time? If you have suffered a substantial loss and would like to learn more about the lead plaintiff role, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If emailing, please include a phone number. Additionally, you can:

To join this action, you can go to: https://www.cognitoforms.com/JohnsonFistel/MarathonDigitalHoldingsInc or [Click here to join this action]. There is no cost or obligation for you.

the Digital Marathon the class action alleges that, throughout the Class Period, the defendants made false and misleading statements and failed to disclose that: (i) the Beowulf Joint Venture, with respect to the Hardin Facility, involved potential regulatory violations, including violations of US securities law; (ii) as a result, the Beowulf joint venture has subjected Marathon Digital to increased risk of regulatory scrutiny; (iii) it was reasonably likely to have a material adverse impact on Marathon Digital’s business and business prospects; and (iv) accordingly, Marathon Digital’s public statements were materially false and misleading at all material times.

On Nov. 15, 2021, Marathon Digital disclosed that Marathon Digital “and certain of its executives received a subpoena to produce documents and communications regarding the Hardin, Montana data center facility,” and reported that the Securities and U.S. Exchange Commission “may investigate whether or not there may have been violations of federal securities law.” Following the news, Marathon Digital’s stock price fell more than 27%. %.

A lead plaintiff will act on behalf of all other class members to lead the Marathon Digital class action. The lead plaintiff may select a law firm of their choice to litigate the class action. An investor’s ability to share in any potential future recoveries from the Marathon Digital class action does not depend on their status as lead plaintiff.

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 derivatives and securities class actions. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.

Contact:

Johnson Fistel, LLP

Jim Baker, 619-814-4471

[email protected]

To join this action, you can go to: https://www.cognitoforms.com/JohnsonFistel/MarathonDigitalHoldingsInc or [Click here to join this action]. There is no cost or obligation for you.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/112064