A Bitcoin mining company, Marathon Digital (MARA), increased strongly in the stock market on Monday. From the viewpoint of the Yahoo Finance chart compilation, the company shared a boost of 17%, with a price of $20.67.Â
The announcement was immediately followed up with a notice from S&P Global that had incorporated the company in its new index S&P SmallCap 600. Marathon Digital’s recognition as an important miner in the cryptocurrency industry shows that it has earned a place there.
In order to close this gap between execs and shareholders, they transacted a bonus plan with reference to stock price, which can bring up to $32.8 million.
However, the addition of Marathon Digital to the S&P SmallCap 600 index along with the rollout of the executive bonus plan makes it clear that there is optimism towards the company’s fortune.
Also Read: Marathon Digital Buys Texas Bitcoin Mine for $87.3M
