Bitcoin Miner Marathon Digital to Pay $139 Million Fine, MARA Stock Tanks 2.5%

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The largest Bitcoin miner Marathon Digital (NASDAQ: MARA) has been slapped $139 million in fine against the charges of breach of a non-disclosure agreement.

This happened as the Bitcoin miner lost a jury verdict against Michael Ho, the former co-founder of US Bitcoin Corp and the chief strategy officer of mining company Hut 8.

David Affeld, one of the partners at Affeld England & Johnson LLP, said that this verdict puts clear emphasis on honoring the agreements.“It sends a powerful message that ethical business practices are not optional, they are essential.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: India

Topics: Bitcoin miner capitulation Bitcoin News Bitcoin Miner 24/7 Cryptocurrency News MARA stock Marathon Digital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 09:18:18 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 42 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21748834

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

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