Marathon Digital stock soars after company ramps up BTC mining in Q1

Cointelegraph

Published Apr 05, 2021 04:15PM ET

Updated Apr 05, 2021 06:20PM ET

Shares of Marathon Digital Holdings (MARA) surged on Monday after the cryptocurrency miner announced a significant increase in mining capacity in the first quarter, allowing it to up its stake in Bitcoin (BTC) by a considerable margin.

MARA stock jumped 15.8% to close at $56.56, marking a new all-time high. The crypto mining stock rose by as much as 17.1% earlier in the day.

Marathon Digital's share price closes at a new all-time high. Source: TradingView

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