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Marathon Digital | CORRESP: CORRESP

Marathon Digital | CORRESP: CORRESP

Marathon Digital | CORRESP:信函
美股sec公告 ·  02/26 15:11
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Marathon Digital Holdings, Inc. has responded to a series of comments from the Securities and Exchange Commission (SEC) regarding its financial reporting practices. The correspondence, dated February 26, 2024, addresses the SEC's inquiries related to Marathon Digital's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and the Quarterly Report on Form 10-Q for the period ended September 30, 2023. Marathon Digital has agreed with the SEC's comments and provided revised revenue recognition policy footnotes to be included in its upcoming Form 10-K for the year ended December 31, 2023. The revisions pertain to the company's revenue from contracts with customers, particularly in relation to the timing and calculation of revenue from bitcoin mining activities as both an operator and participant in mining pools. The company has clarified its accounting for variable consideration and noncash consideration, ensuring compliance with the ASC 606 revenue recognition standard. Marathon Digital acknowledges its responsibility for the accuracy of its filings and has not asserted the SEC's comments as a defense against potential proceedings.
Marathon Digital Holdings, Inc. has responded to a series of comments from the Securities and Exchange Commission (SEC) regarding its financial reporting practices. The correspondence, dated February 26, 2024, addresses the SEC's inquiries related to Marathon Digital's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and the Quarterly Report on Form 10-Q for the period ended September 30, 2023. Marathon Digital has agreed with the SEC's comments and provided revised revenue recognition policy footnotes to be included in its upcoming Form 10-K for the year ended December 31, 2023. The revisions pertain to the company's revenue from contracts with customers, particularly in relation to the timing and calculation of revenue from bitcoin mining activities as both an operator and participant in mining pools. The company has clarified its accounting for variable consideration and noncash consideration, ensuring compliance with the ASC 606 revenue recognition standard. Marathon Digital acknowledges its responsibility for the accuracy of its filings and has not asserted the SEC's comments as a defense against potential proceedings.
Marathon Digital控股公司已回应美国证券交易委员会(SEC)关于其财务报告实践的一系列评论。2024年2月26日的函电涉及SEC针对Marathon Digital提交的截至2022年12月31日财政年度的10-K表和截至2023年9月30日的10-Q表所进行的调查。Marathon Digital已同意SEC的意见,并提供修改后的营收确认政策注脚,将包括在其即将提交的截至2023年12月31日的10-K表中。这些修改与公司从客户签订的合同中的收入有关,特别是关于作为运营商和参与矿池挖掘的收益的时间和计算。该公司已明确其对可变考虑因素和非现金考虑因素的会计处理,确保符合ASC 606营收确认标准。 Mar 赛马会数字化承认其在文件准确性方面的责任,并未将SEC的评论作为对可能进行的诉讼的防御。
Marathon Digital控股公司已回应美国证券交易委员会(SEC)关于其财务报告实践的一系列评论。2024年2月26日的函电涉及SEC针对Marathon Digital提交的截至2022年12月31日财政年度的10-K表和截至2023年9月30日的10-Q表所进行的调查。Marathon Digital已同意SEC的意见,并提供修改后的营收确认政策注脚,将包括在其即将提交的截至2023年12月31日的10-K表中。这些修改与公司从客户签订的合同中的收入有关,特别是关于作为运营商和参与矿池挖掘的收益的时间和计算。该公司已明确其对可变考虑因素和非现金考虑因素的会计处理,确保符合ASC 606营收确认标准。 Mar 赛马会数字化承认其在文件准确性方面的责任,并未将SEC的评论作为对可能进行的诉讼的防御。
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