MARA - Why Are Marathon Digital Shares Surging Today? | Benzinga
Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading higher on Friday, reflecting a broader uptick in crypto-linked stocks driven by a significant rise in Bitcoin (BTC/USD) prices to $66,000.
What To Know: Trading activity has been robust, with session volume hitting 46.044 million shares, just shy of the average 48.016 million shares traded over the past 100 days. The stock is also trading above its 50-day moving average of $20.39.
What Else: Marathon is scheduled to release its second-quarter earnings for the fiscal year on August 1 2024, after market close. Analysts are anticipating a loss per share of 14 cents, with estimated revenue at $157.84 million.