NEW YORK, May 12, 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 U.S. District Court for the District of Nevada and filed number 23-cv-00470, is directed on behalf of a class action lawsuit composed of all individuals and entities, other than defendants, who filed between May Bought or otherwise acquired Marathon securities on February 10, 2021 and February 28, 2023, both dates inclusive (the “Collection Period”), for the purpose of seeking damages caused by the Defendants’ violations of the federal securities laws and remedy under the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated therein against the Company and certain of its top officers.

If you are a shareholder who purchased or otherwise acquired Marathon securities during the class action period, you have until May 29, 2023 to petition the court to appoint lead plaintiff in the class action. A copy of the complaint is available at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, direct line. 7980. Anyone inquiring by email will be asked to provide their postal 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 lawsuit alleges that the defendants made materially false and misleading statements about the Company’s business, operations and prospects throughout the class period. Specifically, the Defendants made false and/or misleading statements and/or failed to disclose the following: (i) The Company overstated the effectiveness of its disclosure controls and procedures and…