Mining company Marathon Digital Holdings reached a global settlement with former chief executive Merrick Okamoto regarding compensation for restricted stock.
According to a filing with the SEC форме, Marathon will pay him $24 million.
Okamoto agreed to the settlement and “a broad disclosure of known and unknown claims against the company” related to the 2018 shareholder-incentive plan.
He покинул posts as CEO and chairman of the board at the end of 2021. In both roles, his successor was Fred Thiel.
With the latter, as with four other individuals, Marathon also reached a global settlement regarding the stock-incentive awards. The total payout will be $1 million.
As reported in September, Marathon mined 360 BTC and increased its cryptocurrency reserves to 10,670 BTC.
Most of the company’s equipment is deployed at the hosting provider Compute North, which previously filed for bankruptcy.
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