TechFlow news, according to Cointelegraph, Bitcoin mining company stocks rose about 10% on Wednesday, potentially influenced by U.S. presidential candidate Trump's pledge to strengthen the nation's crypto mining operations. According to Google Finance data, TeraWulf (WULF) and Hut 8 Mining (HUT) posted the largest gains among the top ten publicly traded Bitcoin miners by market cap, rising 10.5% and 10.07% respectively on June 12.
Core Scientific (CORZ), Iris Energy (IREN), and Cipher Mining (CIFR) followed closely, ranking in the top five with increases of 9.87%, 9.72%, and 8.94% respectively.
Industry giants CleanSpark (CLSK) and Riot Platforms (RIOT) also gained 8.15% and 6.5% respectively, while Marathon Digital (MARA), the largest Bitcoin miner by market capitalization, rose only 2.4% on the day.
Chinese Bitcoin miner Canaan Creative (CAN) was the only one among the top 20 Bitcoin mining companies by market cap to see its share price decline.
Data from Companies Market Cap shows this strong performance lifted the total market capitalization of the Bitcoin mining sector to $26.4 billion.
