Crypto Miners Marathon Digital, Hut 8 Rally as Bitcoin Tops $50,000

Crypto Miners Marathon Digital, Hut 8 Rally as Bitcoin Tops ,000
The shares of cryptocurrency miners Marathon Digital Holdings, Inc. and Hut 8 Mining Corp. surged Tuesday as bitcoin’s price reached $50,000 for first time since early September.The stocks, which often move in tandem with the largest cryptocurrency’s price, have steadily advanced since hitting lows in September, when prices for bitcoin slumped to near $40,000.Marathon Digital rose 6.2% and Hut 8 Mining advanced 4.5%, leading gains in the sector. Bitfarms Ltd. climbed 4.2%, Hive Blockchain Technologies Ltd. was up 2.5% and Riot Blockchain increased 2% in U.S. trading. The Canadian-listed miner Galaxy Digital gained 2.3%.A key gauge of bitcoin mining activity,…