Why Mara Holdings Stock Crushed the Market on Monday
The crypto mining sector was on fire that trading session.
Overview
One white-hot segment at the intersection of the tech and cryptocurrency sectors did very well for investors as the trading week kicked off. Crypto miners, which as a group have pushed harder into the lucrative field of data center operations, saw their stocks rise sharply on Monday.
This rally, which helped lift Mara Holdings (NASDAQ: MARA) by more than 9%, was driven by two fresh multi-billion-dollar deals announced by segment players that day.
Details
The first of those two announcements was trumpeted by Iren, once upon a time a company known almost exclusively as a Bitcoin miner.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.