Marathon Digital Holdings is trading 12.07% up now at $10.81 after announcing an agreement to acquire Long Ridge Energy & Power.
- The announcement is the clearest company-specific catalyst, expanding controllable power capacity and strengthening its AI infrastructure strategy.
- A broader crypto rally also helped: Bitcoin is up 4.12% and Ethereum 7.73% since the August 19 close.
- Major U.S. indexes traded lower.