Marathon Digital Holdings, Inc. has submitted a comprehensive response to the Securities and Exchange Commission (SEC) regarding comments on its financial reporting. The response, dated April 22, 2024, addresses the SEC's inquiries related to Marathon Digital's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and its Current Report on Form 8-K filed on February 28, 2024. The SEC's comments focused on Marathon Digital's early adoption of ASU 2023-08, a change in accounting principle from LIFO to FIFO, and the need for additional disclosures on fair value measurements and internal control over financial reporting. Marathon Digital has acknowledged the SEC's comments and will include the required disclosures and amendments in a Form 10-K/A to be filed. Additionally, the company will update its non-GAAP measures to comply with SEC guidelines and has confirmed that future filings will reflect the Principal Financial and Principal Accounting Officer's signature as required.

Marathon Digital Holdings, Inc. has submitted a comprehensive response to the Securities and Exchange Commission (SEC) regarding comments on its financial reporting. The response, dated April 22, 2024, addresses the SEC's inquiries related to Marathon Digital's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and its Current Report on Form 8-K filed on February 28, 2024. The SEC's comments focused on Marathon Digital's early adoption of ASU 2023-08, a change in accounting principle from LIFO to FIFO, and the need for additional disclosures on fair value measurements and internal control over financial reporting. Marathon Digital has acknowledged the SEC's comments and will include the required disclosures and amendments in a Form 10-K/A to be filed. Additionally, the company will update its non-GAAP measures to comply with SEC guidelines and has confirmed that future filings will reflect the Principal Financial and Principal Accounting Officer's signature as required.