Marathon Digital (MARA), a Bitcoin mining company, had a sharp rise in the stock market on Monday. According to the Yahoo Finance chart compilation, the company’s price, at $20.67, increased by 17%.
Following the news, S&P Global promptly sent out a note incorporating the business into its newly created S&P SmallCap 600 index. Marathon Digital has proven it deserves a spot in the bitcoin business by being acknowledged as a significant miner.
Marathon Digital’s Outlook Brightens with S&P Inclusion
Nonetheless, it is evident that there is confidence over the company’s future given the inclusion of Marathon Digital in the S&P SmallCap 600 index and the introduction of the executive compensation plan.
To bridge this disparity between executives and shareholders, they implemented a bonus structure based on stock price, with a maximum payout of $32.8 million.
Also read: Paraguayan Lawmakers Reevaluate Plan to Ban Crypto Mining
