Bitcoin Miner Marathon Digital to Restate Financial Results

Bitcoin miner Marathon Digital Holding Inc.will restate some financial results after receiving a comment letter from the US Securities and Exchange Commission relating to, among other things, certain accounting matters.

Audited consolidated financial statements for the fiscal year ended Dec. 31, 2021, and unaudited statements for the periods ended March 2021 and 2022, June 2021 and 2022 and September 2021 and 2022 should no longer be relied upon, the company said an SEC filing Tuesday.

Among the restatement issues are the impairment of digital assets and the operation of a Bitcoin mining pool that included third-party participants, the Las …