News

Bitcoin Miner Marathon Digital's Stock Jumps After Buying $250 Million in BTC

Top American Bitcoin miner Marathon Digital’s (NASDAQ: MARA) stock is up Thursday after the firm followed through on an announcement earlier this week that it would raise $250 million and invest it into the leading cryptocurrency.  MARA was trading up over 7% and priced at $16.25 at midday Eastern Time, according to Nasdaq data. But over the past month, its stock has taken a hit and is down nearly 34%. Marathon said late Wednesday that it indeed purchased about $249 million worth of Bitcoin, or...