Marathon Digital Holdings is trading 4.3% up at $12.17 on growing optimism regarding the repurposing of mining infrastructure for AI data centers and a broad recovery in the crypto market.
- The stock is extending a strong rally sparked by Hut 8’s $9.8 billion AI data center deal, which has shifted sentiment toward the scalability of bitcoin mining facilities.
- Gains are further supported by Bitcoin’s performance, with the cryptocurrency rising 2.1% since the last close and over 3.6% in the past 24 hours.