Marathon, other bitcoin miners jump after court sides with Grayscale over SEC

Shares of Marathon Digital (MARA) and a number of other bitcoin miners are jumping alongside an increase in the price of Bitcoin after the U.S. Court of Appeals for the District of Columbia sided with Grayscale, which maintains its proposed bitcoin exchange-traded product is materially similar to the bitcoin futures exchange-traded products and should have been approved to trade on NYSE Arca, and vacated a prior SEC order that had denied approval of Grayscale’s bitcoin fund. Other publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), MicroStrategy (MSTR), Riot Platforms (riot), Stronghold Digital Mining (SDIG) and TeraWulf (WULF).