Bitcoin mining equipment purchase from SelectGreen

Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.

The filing confirms the purchase details and the price. It contradicts the claimed settlement: the exchange cap limited issuance to 1,279,442 shares, worth $2,233,773 of the price, rather than adding shares to the 2,335,000.

Confirmed in the source:

• On September 30, 2019, the company purchased 6,000 S-9 Bitmain 13.5 TH/s Bitcoin Antminers from SelectGreen Blockchain Ltd
• The purchase price was $4,086,250, or 2,335,000 shares of common stock at $1.75 per share
• Because of a Nasdaq exchange cap requirement, the company issued 1,279,442 shares, representing $2,233,773 of the $4,086,250 price

We could not confirm this from the cited source:

• That the purchase was settled by issuing 2,335,000 shares plus 1,279,442 additional shares; the filing says only 1,279,442 shares were issued because of the exchange cap, covering part of the price rather than being issued on top of 2,335,000 shares

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315219016841/form8-k.htm) in full (7,474 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.

confirms Marathon Digital 8-K filed 2019-11-12

Quote: “On September 30, 2019, the Company consummated the purchase of 6,000 S-9 Bitmain 13.5 TH/s Bitcoin Antminers from SelectGreen Blockchain Ltd, a British Columbia corporation, for which the purchase price was $4,086,250 or 2,335,000 shares of its common stock at a price of $1.75 per share... the Company issued 1,279,442 shares of its common stock which represented $2,233,773 of the $4,086,250.”

View cached copy (2026-09-13)Live source ↗