Shares of crypto-related stocks, including Marathon Digital Holdings Inc MARA, Riot Blockchain Inc RIOT and Coinbase Global, Inc. COIN are all trading higher Monday afternoon amid an increase in the price of Bitcoin BTC/USD and Ethereum ETH/USD.
Bitcoin is trading 8.4% higher Monday afternoon at around $40,900.
Ethereum is trading 7.1% higher Monday afternoon at around $2,800.
Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.
Marathon Digital is trading higher by 8.5% at $25.04 per share.
Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.
Riot Blockchain is trading higher by 5.6% at $17.12 per share.
Coinbase Global provides financial infrastructure and technology for the cryptoeconomy.
Coinbase is trading higher by 5% at $185.65 per share.
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