Affected by Trump's promise to support Bitcoin mining, the share prices of the top ten mining companies rose by about 10%
The stock prices of Bitcoin mining companies rose by about 10% on Wednesday. The day before, US presidential candidate Donald Trump promised to strengthen the country's cryptocurrency mining industry. According to Google Finance data, TeraWulf (WULF) and Hut 8 Mining (Hut) had the largest increase in stock prices among the top ten Bitcoin mining companies by market capitalization, rising by 10.5% and 10.07% respectively on June 12th. Core Scientific (CORZ), Iris Energy (IREN), and Cipher Mining (CIFR) ranked in the top five with increases of 9.87%, 9.72%, and 8.94% respectively. CleanSpark (CLSK) and Riot Platforms (RIOT) also rose by 8.15% and 6.5% respectively, but the largest Bitcoin mining company by market capitalization, Marathon Digital (MARA), only rose by 2.4% that day. (Cointelegraph) Yesterday, Trump said that he hopes all remaining bitcoins will be made in the United States, which will help the country dominate the energy sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
North America starts daylight saving time today
From Barista to Millionaire with Dogecoin—Now Betting on This Token for Another Major Breakout
Poll: Harris slightly ahead of Trump in North Carolina, Nevada and Wisconsin
This week, the U.S. Bitcoin spot ETF had a cumulative net inflow of US$2.2202 billion