With the rise of the cryptocurrency complex recently, one of the seemingly logical deductions centers on the blockchain mining industry. Generally, the two segments – the spot market for cryptos and the stock price of publicly traded blockchain enterprises – share a reasonably strong correlation. That is, as cryptos rise, they take blockchain miners up with them. And the opposite also tends to be true.
Case in point is Marathon Digital (MARA). A popular blockchain mining specialist, Marathon saw significant gains recently. On the July 3 session, MARA stock popped up 10.53% against the prior Friday session. Over the trailing five sessions through July 3, MARA returned its shareholders nearly 26% of equity value. In the past month, this metric jumps to almost 67%.
