Or affected by Trump's comments on the encryption industry, the stock prices of the top ten mining companies rose by about 10%.
BlockBeats news, on June 13th, the stock prices of Bitcoin mining companies rose by about 10% on Wednesday. The day before, US presidential candidate Trump promised to strengthen the country's encryption mining business. Among the top ten market capitalization Bitcoin mining companies, TeraWulf (WULF) and Hut 8 Mining (Hut) saw the largest increase in stock prices, rising 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 market capitalization Bitcoin mining company Marathon Digital (MARA) only rose by 2.4% that day.
Earlier, Trump stated that Bitcoin mining may be the last line of defense against CBDC. He hopes all remaining bitcoins are made in the USA, which will help the US dominate the energy sector.#BTC #MAGA