On Nov. 15, Marathon Digital Holdings Inc. plummeted over 27 percent after the company disclosed it had received a subpoena from the U.S. Securities and Exchange Commission asking it to produce communications and documents related to its data-center facility in Hardin, Montana.
Between Tuesday and Thursday, the sell-off continued and Marathon Digital pulled back a further 13 percent to a low of $47.41 but this time in sympathy with Bitcoin and Ethereum, which have plummeted about 15 percent and 14 percent, respectively, since Sunday’s 24-hour closing prices.
