{"id":18549,"date":"2023-02-28T20:22:43","date_gmt":"2023-02-28T20:22:43","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/28\/nasdaq-listed-crypto-miner-marathon-digital-cancels-earnings-call\/"},"modified":"2023-02-28T20:22:43","modified_gmt":"2023-02-28T20:22:43","slug":"nasdaq-listed-crypto-miner-marathon-digital-cancels-earnings-call","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/28\/nasdaq-listed-crypto-miner-marathon-digital-cancels-earnings-call\/","title":{"rendered":"NASDAQ-Listed Crypto Miner Marathon Digital Cancels Earnings Call"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/nasdaq-bitcoin-miner-marathon-digital-cancels-earnings-call\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p><a href=\"https:\/\/coingape.com\/companies\/marathon-digital-holdings\/\" target=\"_blank\" rel=\"noopener\">Marathon Digital Holdings<\/a>, a pioneer in Bitcoin mining, introduced that it has canceled its webcast and convention name for the fourth quarter which was initially scheduled for right now at 4:30 p.m. japanese time. It additional acknowledged that its corresponding monetary outcomes have been postponed following an inquiry from the <a href=\"https:\/\/coingape.com\/tag\/sec\/\" target=\"_blank\" rel=\"noopener\">U.S. Securities and Exchange Commission (SEC)<\/a> which has reportedly found accounting errors in Marathon\u2019s previous couple of incomes experiences.<\/p>\n<h2>Marathon Digital Cancels Earnings Call<\/h2>\n<p>On February 22, 2023, Marathon Digital Holdings, Inc. obtained a remark letter from the Corporation Finance Staff of the SEC referring to, amongst different issues, sure accounting issues that had been discovered to be frivolous.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><em><strong>Read More:<\/strong>\u00a0<strong><a href=\"https:\/\/coingape.com\/defi-lending-platforms\/\" target=\"_blank\" rel=\"noopener\">Check Out The Top 10 DeFi Lending Platforms Of 2023<\/a><\/strong><\/em><\/p>\n<p>After consulting with the corporate\u2019s auditor, the Company\u2019s Audit Committee of the Board of Directors reached the conclusion on February 27, 2023 that the beforehand issued audited consolidated monetary statements contained within the Company\u2019s Annual Report on Form 10-Ok for the fiscal 12 months ended December 31, 2021 and the beforehand issued unaudited condensed consolidated monetary statements for the interim intervals in 2022 and 2021 ought to not be reissued attributable to sure accounting errors.<\/p>\n<p>Additionally, related earnings releases and different monetary communications throughout these time intervals shouldn\u2019t be relied on anymore, in keeping with the most recent <a rel=\"nofollow noopener\" href=\"https:\/\/www.globenewswire.com\/news-release\/2023\/02\/28\/2617456\/0\/en\/Marathon-Digital-Holdings-Cancels-Conference-Call-and-Postpones-Publication-of-Fourth-Quarter-and-Fiscal-Year-2022-Financial-Results.html\" target=\"_blank\">announcement<\/a>. Marathon Digital plans to make the required corrections, and the corporate will subsequently restate the Impacted Financial Statements.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"vJOb1e aIfcHf qlOiDc\">\n<p><h2 class=\"mCBkyc ynAwRc MBeuO nDgy9d\" role=\"heading\" aria-level=\"3\">Marathon Restates Financial Results<\/h2>\n<\/p>\n<\/div>\n<p>Due to the truth that the <a href=\"https:\/\/coingape.com\/glossary\/crypto-mining\/\" target=\"_blank\" rel=\"noopener\">crypto mining<\/a> agency obtained feedback from the SEC on February 22, 2023 and the Audit Committee\u2019s resolution to restate the Impacted Financial Statements, the agency is unable to complete and submit its Annual Report right now.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Marathon Digital anticipates submitting Form 12b-25 to the SEC, stating that it intends to file its 2022 Form 10-Ok on or earlier than fifteen days following the stipulated due date.<\/p>\n<p>As issues presently stand, the share value of Marathon\u00a0 (MARA) is buying and selling at $7.58, witnessing a big achieve of 6.54% up to now 24 hours.<\/p>\n<p><em><strong>Also Read:\u00a0<a title=\"New AI Product Sparks Optimism For Hedera; Is HBAR Price Eyeing $1?\" href=\"https:\/\/coingape.com\/hbar-crypto-news-hedera-price-ai-app\/\" target=\"_blank\" rel=\"bookmark noopener\">New AI Product Sparks Optimism For Hedera; Is HBAR Price Eyeing $1?<\/a><\/strong><\/em><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA140973\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Pratik has been a crypto evangelist since 2016 &amp; been by nearly all that crypto has to supply. Be it the ICO growth, bear markets of 2018, Bitcoin halving to until now &#8211; he has seen all of it.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/5cf0f64b0c7425fc4b6ea3fbbbde702c?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD140973\">\n<p>  The offered content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability on your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/nasdaq-bitcoin-miner-marathon-digital-cancels-earnings-call\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Marathon Digital Holdings, a pioneer in Bitcoin mining, introduced that it has canceled its webcast and convention name for the fourth quarter which was initially scheduled for right now at 4:30 p.m. japanese time. It additional acknowledged that its corresponding monetary outcomes have been postponed following an inquiry from the U.S. Securities and Exchange [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18551,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[648,933,24,60,4620,2132,659,6204],"class_list":["post-18549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-call","tag-cancels","tag-crypto","tag-digital","tag-earnings","tag-marathon","tag-miner","tag-nasdaqlisted","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=18549"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18549\/revisions"}],"predecessor-version":[{"id":18550,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18549\/revisions\/18550"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/18551"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=18549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=18549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-j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