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What’s Going On With Bitcoin Miner Marathon Digital Stock?

Published by
Benzinga

Marathon Digital Holdings, Inc. (NASDAQ: MARA) shares are trading higher Friday on continued upward momentum. The stock has gained more than 40% over the past five days. What To Know: Marathon Digital announced a purchase agreement with Generate Capital, PBC to acquire two Bitcoin mining sites for $178.6 million on Tuesday. The sites will be Marathon’s first fully-owned Bitcoin mining sites, and the company expects that it will reduce its cost per coin by 30%. Following the announcement, HC Wainwright & Co. analyst Kevin Dede maintained Marathon Digital with a Buy rating on Wednesday and raise…

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