Marathon Digital will officially be added to the index fund on May 8.
Marathon Digital, the world’s largest Bitcoin (BTC) miner by market cap, saw its shares rise 18% after it was confirmed to be joining the S&P SmallCap 600 index fund.
The S&P Dow Jones Indices said after trading on Friday, May 3 that Marathon would replace heating and ventilation manufacturing firm Aaon in the index on May 8.
The S&P SmallCap 600 tracks 600 United States companies with a market cap between $1 billion and $6.7 billion posting profits both in the most recent quarter and the last four quarters.
