Marathon Digital Gains 1.15% on $410M Volume Ranked 254th in U.S. Equities

On September 26, 2025, Marathon Digital Holdings (MPC) closed with a 1.15% gain, trading on a volume of $0.41 billion that ranked 254th among U.S. equities. The stock's performance followed a period of strategic asset allocation adjustments in the energy sector, with analysts noting increased short-term liquidity inflows into mid-cap energy names.

Market participants highlighted the stock's resilience amid broader market volatility, citing technical indicators showing improved on-balance-volume profiles. Institutional positioning data revealed a 12% increase in open interest over the preceding fortnight, suggesting growing speculative activity. However, sector-specific headwinds from regulatory uncertainties in oil production remained a cautious factor for long-term positioning.

To execute a rigorous back-test of the stock's historical performance, three key parameters require definition: 1) The stock universe will include all primary-listed U.S. common stocks across NYSE, NASDAQ, and AMEX. 2) A 500-stock basket will be equally weighted, allocating 0.2% to each holding. 3) Entry and exit points will be defined as closing purchases and next-day closing sales. Confirmation of these parameters is required to initiate the back-test period from January 3, 2022, to the present date.