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Marathon Digital Up 11% After Mixed Shelf Filing

Shares of bitcoin miner Marathon Digital Holdings, Inc. (MARA) are rising 11 percent on Tuesday's trading after the company filed with the Securities and Exchange Commission a mixed shelf registration to offer up to $750 million of shares, preferred stock, warrants and units. The proceeds are expected to be used to buy servers for mining bitcoin.

Further, analysts at Jefferies reportedly stated in a research report that Marathon Digital will most likely the largest publicly listed bitcoin miner in 2022. It started coverage of the stock at Buy.

Currently at $28.10, the stock has traded between $18.32 and $83.45 during the past 52 weeks.

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