Marathon Digital stock Listed in S&P 600 Index

BATS:MARA   Marathon Digital Holdings, Inc.
Bitcoin mining company Marathon Digital ( MARA ) has seen its stock value rise by 18% after being listed by S&P Global in its SmallCap 600 index. The company's market cap rose by about $800 million over the weekend, marking a significant achievement for the digital asset company. The SmallCap 600 index is an index of companies with a small market cap, selected based on their recent profitability and other features. The companies considered to be small-cap must have a market cap of $1 billion to $6.7 billion.

Marathon Digital ( MARA ) has filed an 8-K with the SEC for compensation of some of its highest executives, stating the company's commitment to providing long-term incentives to workers as part of its LTIP Awards.

The incentive is being awarded to three of the company's executives, including CEO Fred Thiel, CFO Salman Khan, and General Counsel Zabi Nowaid. The move is expected to boost morale and align the executives' interests with those of the company's stockholders.

Despite its inclusion in the S&P 600, Marathon Digital ( MARA ) stock is down 2.25% with a Relative Strength Index (RSI) of 57 posing signs of a reversal trend in the near to long term.
Marathon Digital ( MARA ) stock is trading below the above the 200-day Moving Average (MA).

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