The first subpoenas were awarded to Marathon in the third quarter of 2021, regarding violations of federal securities laws.
According to Marathon’s quarterly report filed on May 10, they received a subpoena on April 10 “in connection with related party transactions” that occurred while they were creating premises in the United States. Montana.
This subpoena is the second one Marathon has received . Earlier at the end of the third quarter of 2021, the SEC asked the company to produce some related documents and information.
On May 9, Marathon announced that it has partnered with digital asset infrastructure company Zero Two to create a large-scale Bitcoin mining facility in Abu Dhabi.
The facility will include two mines with a combined capacity of 250 megawatts , and Marathon noted that while mining in Abu Dhabi is often not feasible, their solution will be enough to ensure mining rigs stay on track. cool.
The announcement comes just two months after the Biden administration proposed a new tax on crypto miners operating in the United States, which would require them to pay a tax equal to 30% of their spending. fees of any electricity used while mining cryptocurrencies.