2021 revenues and costs expected to increase in restatement
Company: Marathon Digital
The claim, verbatim
The company estimates that 2021 revenues and cost of revenues were understated and will increase upon completion of the restatement
Source (primary)
Marathon Digital NT 10-K filed 2023-02-28 (SEC EDGAR, sec_filing)
View cached copy (2026-09-20)Live source ↗
Quote: “The Company estimates that both its revenues and its cost of revenues for the year ended December 31, 2021 were understated due to the "net" vs. "gross" presentation of revenues in its financial statements. As a result, both revenues and cost of revenues, energy, hosting and other are expected to increase upon completion of this restatement for 2021”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The filing states the company's estimate that 2021 revenues and cost of revenues were understated because of net-versus-gross presentation and are expected to increase in the restatement.
Confirmed in the source:
- The company estimates that its 2021 revenues were understated
- The company estimates that its 2021 cost of revenues was understated
- Both revenues and cost of revenues are expected to increase upon completion of the 2021 restatement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315223006171/formnt-10k.htm) in full (10,377 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital NT 10-K filed 2023-02-28
Quote: “The Company estimates that both its revenues and its cost of revenues for the year ended December 31, 2021 were understated due to the "net" vs. "gross" presentation of revenues in its financial statements. As a result, both revenues and cost of revenues, energy, hosting and other are expected to increase upon completion of this restatement for 2021”