Why Marathon Digital Holdings Jumped on Wednesday

Shares of Marathon Digital Holdings (NASDAQ: MARA) surged sharply higher Wednesday, jumping as much as 13%. As of 1:26 p.m. ET, the stock was still up 6.5%

The catalyst that sent the Bitcoin (CRYPTO: BTC) mining specialist higher was the announcement of an expanded hosting agreement with Compute North.

Marathon Digital announced in a press release that it had extended its agreement with Compute North to accommodate 30,000 more Bitcoin miners in different regions of the U.S. Compute North, which provides data center and other infrastructure services, will now host more than 100,000 of Marathon Digital's Bitcoin mining rigs. 

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Source Fool.com