Bitcoin mining company Marathon Digital has reached a $24 million settlement agreement with its former CEO

ChainCatcher news, Bitcoin mining company Marathon Digital has reached a $24 million settlement agreement with its former CEO and Chairman Merrick Okamoto over a stock incentive dispute. Additionally, Marathon has settled with five others, including Thiel, over other restricted stock incentive disputes for approximately $1 million.

It is reported that Merrick Okamoto resigned as CEO of Marathon in the spring of 2021 and stepped down as Executive Chairman at the end of that year, with both positions currently held by Fred Thiel. (The Block)