Bitcoin Rally Propels Marathon Digital Stock Higher Ahead of Earnings
• Bitcoin's recent rally above $57,000 is boosting Marathon Digital (MARA) stock for a second straight day • Marathon owns a significant amount of Bitcoin, so Bitcoin's price gains directly benefit the company • Marathon reports Q4 financial results tomorrow after market close; some see it as a short squeeze candidate • Nearly 22% of MARA shares are sold short currently, presenting chance of a short covering rally • MARA stock has surged 19% over past 5 days and 136% over the past 3 months amid crypto resurgence