RTTNews | Nov 8, 2021 12:53PM EST

11:03 Monday, November 8, 2021 (RTTNews.com) - The bitcoin mining company, Marathon Digital Holdings, Inc. (MARA), is up 17% in the market despite no news posted by the company to boost the stock. The shares continue to shoot up and are at the highest ever as of Monday. The company reported its bitcoin production report for October last week where the company stated that the monthly production has gone up 23% from the previous month. The company extracted 417.7 BTC in October, amounting to a total of 7,453 Bitcoin worth $457.4 million. Fred Thiel, Marathon's CEO, said, "As in prior months, our bitcoin production was impacted by maintenance related outages at the power plant in Hardin, MT and increases in the total network hash rate. However, with shipments of our previously purchased miners accelerating over the coming months, we continue to expect our bitcoin production to become more consistent as we scale." In the last 6 months, the shares have gone up 142%. The stock is currently trading at $75.37, up $11.55 or 18.10% since its previous close at $63.82. The stock opened at $70.01 in the morning. In the 52-week period, the shares have ranged between $2.06 and $75.85 per share.

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