Mining company Marathon Digital's shares rose 18% on Monday, increasing its market value by $800 million

Marathon Digital shares rose 18% on Monday, adding about $800 million to the company's market value, following S&P Global's announcement last Friday that it would include the bitcoin miner Marathon Digital in the S&P SmallCap 600 index. Marathon Digital shares closed at $20.67 on Monday, with a market value of $5.5 billion, up from $4.7 billion on Friday. Marathon Digital also filed an 8-K filing with the U.S. SEC on Monday, outlining a structure of executive bonuses for senior executives with a cumulative value of up to $32.9 million. The three executives on the bonus list include Marathon Digital CEO Fred Thiel, CFO Salman Khan and General Counsel Zabi Nowaid. "These incentives align the interests of the company's executives with those of shareholders, as the value of the rewards is directly tied to the company's stock price," Marathon Digital said in the filing. Despite Monday's sharp rise, Marathon Digital shares are still down 9.8% year to date. (The Block)