Affected by Trump's commitment to support Bitcoin mining, the stock prices of the top ten mining companies rose by about 10%

2024-06-13 08:24:02

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ChainCatcher news, according to Cointelegraph, Bitcoin mining company stocks rose about 10% on Wednesday, following a promise from U.S. presidential candidate Trump to strengthen the country's crypto mining industry. Among the top ten Bitcoin mining companies by market capitalization, TeraWulf (WULF) and Hut 8 Mining (Hut) saw the largest stock increases, rising 10.5% and 10.07% respectively on June 12.

Reportedly, 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%.

Additionally, 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 increased by 2.4% that day.

Previously, Trump stated that Bitcoin mining could be the last line of defense against CBDCs. He hopes that all remaining Bitcoins are made in the USA, which will help the U.S. dominate energy.

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