GlobeNewswire Inc | Jan 12, 2022 10:00PM EST

January 13, 2022

NEW ORLEANS, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (KSF) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 15, 2022 to file lead plaintiff applications in a securities class action lawsuit against Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. (NasdaqCM: MARA), if they purchased the Companys shares between October 13, 2020 and November 15, 2021, inclusive (the Class Period). This action is pending in the United States District Court for the District of Nevada.

What You May Do

If you purchased shares of Marathon and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqcm-mara/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 15, 2022.

About the Lawsuit

Marathon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 15, 2021, the Company disclosed that it had received a subpoena to produce documents and communications its Hardin, Montana data center facility and advised that the SEC may be investigating whether or not there may have been any violations of the federal securities law.

On this news, shares of Marathon fell $20.52 per share, or 27.03%, to close at $55.40 per share on November 15, 2021.

The case is Schlatre v. Marathon Digital Holdings, Inc. f/k/a Marathon Patent Group, Inc. et al., No. 21-cv-02209.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:Kahn Swick & Foti, LLCLewis Kahn, Managing Partnerlewis.kahn@ksfcounsel.com1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163