NEW YORK, March 30, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Marathon Digital Holdings, Inc. (“Marathon” or the “Company”). MARA, and certain officers. The class action lawsuit, filed in the United States District Court for the District of Nevada and Filed at 23-cv-00470, is being brought on behalf of a class action lawsuit composed of all individuals and entities other than the defendants who purchased or otherwise acquired Marathon securities between May February 10, 2021 and February 28, 2023, both dates inclusive (the “Collection Period”), in an attempt to recover damages caused by Defendants’ violations of the federal securities laws and remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder against the Company and certain of its senior officials.

If you are a shareholder who purchased or otherwise acquired Marathon securities during the class action period, you have until May 29, 2023 to ask the court to appoint you as lead plaintiff in the class action. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this promotion, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, ext. 7980. Persons inquiring by email are asked to provide their mailing address, telephone number and the number of shares purchased.

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Marathon is a digital asset technology company that mines digital assets with a focus on the blockchain ecosystem and digital asset generation in the United States (“US”).

The Complaint alleges that the Defendants made materially false and misleading statements about the Company’s business, operations and prospects throughout the Class Period. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company overstated the effectiveness of its disclosure controls and procedures, and…