On the heels of S&P Global announcing Marathon Digital would be added to a small-cap stock index, the bitcoin miner's shares rose by 18% on Monday, boosting the company's market capitalization by about $800 million, according to Ycharts data.
After Friday's trading session closed, S&P Global said Marathon Digital would be added to its S&P SmallCap 600. Also on Monday, the company filed an 8-K with the Securities and Exchange Commission outlining an executive bonus structure for top executives worth as much as $32.9 million cumulatively. The three executives listed up for bonuses included Marathon Digital CEO Fred Thiel, CFO Salman Khan and General Counsel Zabi Nowaid.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: