Marathon Digital Holdings, Inc. has submitted a comprehensive response to the SEC's comments on its financial reports for the fiscal year ended December 31, 2022, and the quarterly period ended September 30, 2023. The response, dated January 31, 2024, addresses the SEC's inquiries about Marathon Digital's revenue recognition policy, the inclusion of new performance metrics in periodic reports, clarification on bitcoin price impacts on revenue, and elaboration on changes in cost of revenues. Marathon Digital acknowledges the need for further clarification and has committed to enhancing its disclosures in the upcoming Form 10-K for December 31, 2023. The company also recognized an error in its assessment of disclosure controls and procedures, which it will correct in the forthcoming report. The SEC's comments and Marathon Digital's responses are part of the ongoing dialogue to ensure accurate and transparent financial reporting to investors.

Marathon Digital Holdings, Inc. has submitted a comprehensive response to the SEC's comments on its financial reports for the fiscal year ended December 31, 2022, and the quarterly period ended September 30, 2023. The response, dated January 31, 2024, addresses the SEC's inquiries about Marathon Digital's revenue recognition policy, the inclusion of new performance metrics in periodic reports, clarification on bitcoin price impacts on revenue, and elaboration on changes in cost of revenues. Marathon Digital acknowledges the need for further clarification and has committed to enhancing its disclosures in the upcoming Form 10-K for December 31, 2023. The company also recognized an error in its assessment of disclosure controls and procedures, which it will correct in the forthcoming report. The SEC's comments and Marathon Digital's responses are part of the ongoing dialogue to ensure accurate and transparent financial reporting to investors.