---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-027172"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T01:42:34.895975+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Marathon Digital restates Q1 2023 cash flows; digital asset sale proceeds reclassified to investing activities

## Summary
- Audit Committee concluded Aug 3, 2023 that Q1 2023 cash flow statements should no longer be relied upon.
- Error: 'Proceeds from sale of digital assets' misclassified as operating instead of investing activities.
- Correction made via restatement footnote in the June 30, 2023 10-Q for six months ended June 30, 2023.
- Related earnings releases and financial communications for Q1 2023 also should not be relied upon.
- SEC comment letter dated July 12, 2023 prompted the accounting review.

## SEC filing metadata
- accession: 0001493152-23-027172
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315223027172/0001493152-23-027172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315223027172/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-027172
- JSON: https://secwatch.observer/filing/0001493152-23-027172.json
- Plain text: https://secwatch.observer/filing/0001493152-23-027172.txt

## Key facts
- Auditor Changes
  MARA Holdings, Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Marcum LLP
  source text: On August 3, 2023, the Company’s Audit Committee of the Board of Directors , after consultation with Marcum LLP, the Company’s independent auditor, concluded that due to certain accounting errors, as described below, the previously issued unaudited condensed consolidated statements of cash flows contained in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, (the “Impacted Financial Statements”) should no longer be relied upon.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315223027172/0001493152-23-027172-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.