Summary by Moomoo AI
Marathon Digital, a global leader in digital asset compute, has faced a significant legal challenge with a jury verdict awarding $138.8 million to plaintiff Michael Ho for breach of a non-disclosure agreement. Despite this, the company has not paid any portion of the award and is actively seeking to overturn or significantly reduce the damage award. In business development, Marathon Digital has made strategic moves, including securing rights to future purchases from Auradine for $15.0 million and investing a total of $50.7 million in Auradine preferred stock. The company also acquired two operational data centers in Ohio and is developing a new 150-megawatt operation in Findlay, Ohio. Financially, Marathon Digital's cash and cash equivalents have decreased year-on-year from $357.3 million...Show More
