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Marathon Digital | CORRESP: CORRESP

Marathon Digital | CORRESP: CORRESP

Marathon Digital | CORRESP:信函
美股sec公告 ·  02/16 15:11
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Marathon Digital Holdings, Inc. has submitted a comprehensive response to the Securities and Exchange Commission (SEC) addressing comments on its financial reports for the fiscal year ended December 31, 2022, and the quarterly period ended September 30, 2023. The response, dated February 16, 2024, includes revisions to the company's revenue recognition policies and clarifications on its bitcoin mining operations as both an operator and a participant in mining pools. Marathon Digital has agreed to all the SEC's comments and provided exhibits of the revised revenue recognition policy footnotes to be included in its upcoming Form 10-K for the year ended December 31, 2023. The company has also committed to elaborating on the factors contributing to changes in cost of revenues in future filings. The SEC's...Show More
Marathon Digital Holdings, Inc. has submitted a comprehensive response to the Securities and Exchange Commission (SEC) addressing comments on its financial reports for the fiscal year ended December 31, 2022, and the quarterly period ended September 30, 2023. The response, dated February 16, 2024, includes revisions to the company's revenue recognition policies and clarifications on its bitcoin mining operations as both an operator and a participant in mining pools. Marathon Digital has agreed to all the SEC's comments and provided exhibits of the revised revenue recognition policy footnotes to be included in its upcoming Form 10-K for the year ended December 31, 2023. The company has also committed to elaborating on the factors contributing to changes in cost of revenues in future filings. The SEC's inquiries focused on the nature of Marathon Digital's services, the characterization of its revenue, and the measurement of noncash consideration. Marathon Digital's participation in pools that only pay rewards when a block is successfully mined is not a significant portion of its total revenues, and the company has concluded that changing its revenue measurement to a consistent methodology would not materially impact its results of operations.
Marathon Digital Holdings公司已经向证券交易委员会(SEC)提交了针对截至2022年12月31日财政年度和2023年9月30日季度的财务报告的综合回应。该回应于2024年2月16日发布,并针对公司的营业收入确认政策进行了修订,并对其既是运营商又是矿池参与者的比特币挖掘业务进行了澄清。Marathon Digital同意了SEC的所有评论,并在即将公布的2023年12月31日年度10-K表格中提供了修改后的收入确认政策脚注的展示。该公司还承诺在未来的提交中进一步阐述成本变动的因素。SEC的质询主要关注了Marathon Digital服务的性质、其营收的性质以及非现金考虑的衡量。Marathon Digital参与只有在成功挖出一个区块后才支付奖励的矿池并不占其总收入的重要部分,并且该公司已经得出结论,将其收入衡量方法改为一致的方法不会对其运营结果产生重大影响。
Marathon Digital Holdings公司已经向证券交易委员会(SEC)提交了针对截至2022年12月31日财政年度和2023年9月30日季度的财务报告的综合回应。该回应于2024年2月16日发布,并针对公司的营业收入确认政策进行了修订,并对其既是运营商又是矿池参与者的比特币挖掘业务进行了澄清。Marathon Digital同意了SEC的所有评论,并在即将公布的2023年12月31日年度10-K表格中提供了修改后的收入确认政策脚注的展示。该公司还承诺在未来的提交中进一步阐述成本变动的因素。SEC的质询主要关注了Marathon Digital服务的性质、其营收的性质以及非现金考虑的衡量。Marathon Digital参与只有在成功挖出一个区块后才支付奖励的矿池并不占其总收入的重要部分,并且该公司已经得出结论,将其收入衡量方法改为一致的方法不会对其运营结果产生重大影响。
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