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Bitcoin Miner Marathon Digital Is Surging Thursday: What’s Going On?

Marathon Digital Holdings Inc (NASDAQ: MARA) shares are trading higher Thursday on the heels of the company’s quarterly results. The Bitcoin (CRYPTO: BTC) miner also appears to be getting a lift from a rise in the price of Bitcoin. What To Know: Marathon Digital reported third-quarter revenue of $97.8 million, which missed the consensus estimate of $99.702 million, according to Benzinga Pro. Revenues were up from $12.7 million year-over-year, driven by a 467% increase in Bitcoin production and 32% higher Bitcoin prices. The Bitcoin miner reported quarterly earnings of 35 cents per share, which…