According to Wu, after S&P Global announced that it would include Marathon Digital in its small-cap index, the bitcoin miner's stock price rose 18% on Monday, adding approximately $800 million to its market value. On the same day, Marathon submitted an 8-k to the SEC, outlining the bonus structure for executives, with a cumulative value of $32.9 million. Executives who received bonuses included CEO Fred Thiel, CFO Salman Khan, and General Counsel Zabi Nowaid. Despite this, Marathon Digital's stock price has fallen 9.8% this year.
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Marathon Digital shares rise 18%, market value increases by $800 million, executive bonus structure reaches $32.9 million
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