Bitcoin miner Marathon's market cap rises $800 million as stock jumps 18%

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.

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