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.
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