Marathon Digital's (NASDAQ: MARA) stock has soared about 640% over the past 12 months. The bulls rushed back to the Bitcoin (CRYPTO: BTC) miner as the cryptocurrency's price stabilized and recovered from its steep decline in 2022. But is it too late to buy Marathon's stock after that massive rally?

Marathon was once a tiny patent holding company. But in 2020, it ordered tens of thousands of top-tier ASIC miners and rebranded itself as a pure-play Bitcoin miner.

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Source Fool.com