Marathon Digital's stock surged Wednesday after the bitcoin miner said the bitcoin mined in September was more than triple that of a year ago.
Shares of Marathon Digital Holdings Inc. surged Wednesday after the bitcoin miner said the bitcoin mined in September was more than triple that of a year ago, and up 16% from the month before.
Marathon Digital’s stock MARA, -14.42% rose 3.3% in premarket trading. On Tuesday, the stock had tumbled 14.4% to $7.30, the lowest close since March 28.The company said it produced 1,242 bitcoin in September, up 16% from August and a 245% increase for a year ago. Marathon said it sold 800 bitcoin in September, to support monthly operations, manage its treasury and for general corporate purposes.
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