Going concern doubt regarding operations funding
Company: Marathon Digital
The claim, verbatim
Based on current revenue and profit projections, management is uncertain existing cash will be sufficient to fund operations through at least next twelve months from financial statement issuance date
Source (primary)
Marathon Digital 10-Q filed 2020-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Based on the Company's current revenue and profit projections, management is uncertain that the Company's existing cash will be sufficient to fund its operations through at least the next twelve months from the issuance date of the financial statements, raising substantial doubt regarding the Company's ability to continue operating as a going concern.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing's liquidity note contains this going-concern statement, with the same basis and the same twelve-month horizon.
Confirmed in the source:
- The assessment is based on the company's current revenue and profit projections
- Management is uncertain that existing cash will be sufficient to fund operations for at least twelve months from the financial statement issuance date
- This raises substantial doubt about the company's ability to continue as a going concern
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315220015625/form10-q.htm) in full (72,013 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-Q filed 2020-08-14
Quote: “Based on the Company's current revenue and profit projections, management is uncertain that the Company's existing cash will be sufficient to fund its operations through at least the next twelve months from the issuance date of the financial statements, raising substantial doubt regarding the Company's ability to continue operating as a going concern.”