What changed in this filing

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Item 1. Legal Proceedings

2021-05-12 compared with 2020-11-13 · 28 added, 2 removed, 34 unchanged (47% of the section changed)

26 unchanged sentences

on the motions to dismiss on July 9, 2019, and at the conclusion of the argument the court took the motions under submission.

The parties are waiting for the court’s rulings on the motions to dismiss and, while the motions have been under submission,

no discovery has been taken and there have been no other significant developments in the case.

On April 22, 2021, the Company was notified the appellate court affirmed the decision to dismiss the case in its entirety.

January 14, 2021, Plaintiff Michael Ho (“Plaintiff”

or “Ho”) filed a Civil Complaint for Damages and Restitution

(“Complaint”) against Marathon Digital Holdings, Inc.

(the “Company”) and 10 Doe Defendants.

Complaint alleges six causes of action against the Company, (1) Breach of Written Contract;

(2) Breach of Implied Contract;

Quasi-Contract;

(4) Services Rendered;

(5) Intentional Interference with Prospective Economic Relations;

and (6) Negligent Interference

with Prospective Economic Relations, which is the one plead against “all Defendants”

and is most likely to involve

later named defendants.

The claims arise from the same set of facts, Ho alleges that the Company profited from commercially-sensitive

information he shared with the Company and then it refused to compensate him for his role in securing the acquisition of a supplier

of energy for the Company.

On February 22, 2021, the Company responded to Mr.

Ho’s Complaint with a general denial and the

assertion of applicable affirmative defenses.

Then, on February 25, 2021, the Company removed the matter to federal court.

parties are currently engaged in discovery, including written discovery and depositions.

Due to outstanding issues of fact and

law, it is impossible to predict the outcome at this time;

however, the Company is confident that it will prevail in this litigation

since it did not have a contract with Mr.

Ho and he did not disclose any commercially-sensitive information that was used to structure

any joint venture with energy providers.

than as disclosed herein, we know of no other material, active or pending legal proceedings against us, nor are we involved as

6 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q/A

Item 1. Legal Proceedings