Marathon Digital Stock Surges 5.7% on Monday

Shares of the cryptocurrency mining company reach $9.84 during trading as analysts weigh in on the stock's outlook.

Published on Mar. 2, 2026

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Shares of Marathon Digital Holdings, Inc. (NASDAQ:MARA) rose 5.7% during trading on Monday, reaching as high as $9.84 per share before closing at $9.45. The spike in the stock price came on increased trading volume, with approximately 69.9 million shares exchanged compared to the average daily volume of 47.2 million shares. The company's stock has been volatile in recent months as analysts adjust their price targets and ratings.

Why it matters

Marathon Digital is one of the largest publicly traded cryptocurrency mining companies, with a focus on securing the Bitcoin network. The company's stock performance is closely watched as an indicator of sentiment around the cryptocurrency market and the viability of large-scale mining operations.

The details

Several Wall Street analysts have recently weighed in on Marathon Digital's stock. Cantor Fitzgerald decreased their price target from $21 to $11, while maintaining an "overweight" rating. Rosenblatt Securities also reduced their price objective from $25 to $22, but kept a "buy" recommendation. Meanwhile, Weiss Ratings upgraded the stock from a "sell" to a "hold" rating.

  • Shares of Marathon Digital rose 5.7% during trading on Monday, March 2, 2026.

The players

Marathon Digital Holdings, Inc.

A digital asset technology company specializing in the mining and acquisition of Bitcoin, headquartered in Las Vegas, Nevada.

Cantor Fitzgerald

An investment bank and financial services firm that covers Marathon Digital and recently decreased their price target on the stock.

Rosenblatt Securities

An investment research and trading firm that also reduced their price objective for Marathon Digital but maintained a "buy" rating on the stock.

Weiss Ratings

A financial research and ratings agency that upgraded Marathon Digital's stock from a "sell" to a "hold" rating.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Marathon Digital's stock volatility reflects the broader uncertainty and speculation around the cryptocurrency market, with analysts adjusting their views on the company's prospects as the industry continues to evolve.