U.S. presidential candidate Trump promises to strengthen the country's crypto mining industry, leading to a roughly 10% increase in Bitcoin mining company stocks on Wednesday. Among the top ten largest Bitcoin mining companies, TeraWulf and Hut 8 Mining saw the largest gains, rising by 10.5% and 10.07% respectively. Other mining companies such as Core Scientific, Iris Energy, and Cipher Mining also experienced significant increases in their stock prices. However, the largest Bitcoin mining company by market capitalization, Marathon Digital, only saw a modest increase of 2.4% on that day. In addition, Chinese Bitcoin mining company Canaan Inc. saw a decline in its stock price, being the only mining company among the top 20 by market capitalization to decrease. Overall, the market value of the Bitcoin mining industry has risen to $26.40 billion.

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According to Cointelegraph, Bitcoin mining company stocks rose by about 10% on Wednesday, possibly influenced by US presidential candidate Trump's promise to strengthen the country's crypto mining business. According to Google Finance data, TeraWulf (WULF) and Hut 8 Mining (HUT) were among the top ten largest Bitcoin miners with the highest increase, rising by 10.5% and 10.07% respectively on June 12.
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.
Industry giants CleanSpark (CLSK) and Riot Platforms (RIOT) also rose by 8.15% and 6.5% respectively, while the largest Bitcoin miner by market value, Marathon Digital (MARA), only rose by 2.4% on that day.
Chinese Bitcoin miner Canaan (CAN) was the only miner among the top 20 Bitcoin miners by market value whose stock price declined.
According to Companies Market Cap data, this strong trend has raised the market value of the Bitcoin mining industry to 26.40 billion US dollars.
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Trump-supported crypto mining industry comments drive up Bitcoin mining company stock prices