Marathon Digital’s stock rallies toward a record win streak, even as bitcoin falls

Shares of Marathon Digital Holdings Inc. MARA shot up 8.4% toward a 20-month high in midday trading Friday, to put them on track to extend their win streak to a record nine sessions. The cryptocurrency miner’s stock was rallying again, even as bitcoin BTCUSD fell 0.2%, as Marathon’s stock and bitcoin continue to decorrelate. Marathon’s stock has rocketed 83.3% during its current win streak, the best nine-day performance since it soared 83.7% during the nine-day stretch that ended Jan. 23, 2023. Over the past nine days, bitcoin has gained six times and has climbed 6.2%. The correlation coefficient between Marathon’s stock…