{"id":22726,"date":"2024-06-13T10:00:11","date_gmt":"2024-06-13T07:00:11","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22726"},"modified":"2024-06-13T09:47:04","modified_gmt":"2024-06-13T06:47:04","slug":"trump-promises-bitcoin-mining-stocks-surge","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-promises-bitcoin-mining-stocks-surge\/","title":{"rendered":"Bitcoin Mining Stocks Surge Following Trump&#8217;s Pro-Mining Promises"},"content":{"rendered":"<p>Wednesday, a day following United States presidential candidate <strong>Donald Trump&#8217;s<\/strong> pledge to support mining activities in the nation, <strong>Bitcoin (BTC) mining<\/strong> stocks surged double digits. In a June 12 post, <strong>Trump<\/strong> revealed his vision for the sector: he wants &#8220;all the remaining Bitcoin to be maden in the USA&#8221; and said it would help the nation become &#8220;energy dominant.&#8221; This proclamation came after a conference he organized for some of the most powerful leaders in the business.<\/p>\n<p>Trump also allegedly assured the business leaders that, should he be elected as president in November, he would to help the sector. Based on their apparent liking for <strong>Trump&#8217;s<\/strong> industry pledges, bitcoin mining stock traders caused notable market swings.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/trump-promises-bitcoin-mining-stocks-surge\/#Leading_Bitcoin_Mining_Stocks_Get_Double-Digit_Increases\" title=\"Leading Bitcoin Mining Stocks Get Double-Digit Increases\">Leading Bitcoin Mining Stocks Get Double-Digit Increases<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/trump-promises-bitcoin-mining-stocks-surge\/#Industry_Leaders_Share_Hope_Up\" title=\"Industry Leaders Share Hope Up\">Industry Leaders Share Hope Up<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Leading_Bitcoin_Mining_Stocks_Get_Double-Digit_Increases\"><\/span>Leading Bitcoin Mining Stocks Get Double-Digit Increases<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>Rising 10.5% and 10.07% respectively on June 12, <strong>TeraWulf (WULF) and Hut 8 Mining (HUT)<\/strong> were the two biggest movers among the top 10 largest Bitcoin miners by market capitalization Google Finance reports. Completing the top five with rises of 9.87%, 9.72%, and 8.94%, were Core Scientific (CORZ), Iris Energy (IREN), and Cipher Mining (CIFR).<\/p>\n<p>Although <strong>Marathon Digital (MARA)<\/strong>, the biggest Bitcoin miner by market capitalization, only raised 2.4% on the day, industry heavyweights CleanSpark (CLSK) and Riot Platforms (RIOT) both rebounded gaining 8.15% and 6.5%. With a declining share price on June 12, China-based Bitcoin miner Canaan (CAN) was the only one among the top 20 by market capitalization to show such decline.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/powell-indicate-one-more-cut-in-2024\/\"><em><span style=\"font-weight: 400\">This Might Interest You: Powell Indicate One More Cut in 2024<br \/>\n<\/span><\/em><\/a><\/p>\n<p>Companies Market Cap shows that the great success raised the market capitalization of the <strong>Bitcoin mining<\/strong> sector to $26.4 billion. These demonstrations took place on the day Bitcoin only managed to gain 1.4% to $68,365 over the past 24 hours.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Leaders_Share_Hope_Up\"><\/span>Industry Leaders Share Hope Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>58.55% and 66.96% year-to- far, CleanSpark and TeraWulf have been two of the top performers in 2024 following meetings with Trump. Not all Bitcoin miners, meantime, have been able to keep share price rise going this year. Marathon Digital is down 11.43% year-to- date; Riot Platforms has collapsed about 31% in 2024.<\/p>\n<p>In a conference at his Mar-a-lago property on June 11, Trump and numerous business leaders talked on how mining Bitcoin may improve the electrical system and generate more jobs. Among the participants were Amanda Fabiano, a TeraWulf board director, CleanSpark executive chairman Brian Morgenstern, and Riot Platforms CEO Jason Les.<\/p>\n<p>On the evening, all those business leaders said their encounters with Trump were favorable.<\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/t.me\/coinengineernews\"><em>Click here to get the latest news from Coin Engineer!<\/em><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wednesday, a day following United States presidential candidate Donald Trump&#8217;s pledge to support mining activities in the nation, Bitcoin (BTC) mining stocks surged double digits. In a June 12 post, Trump revealed his vision for the sector: he wants &#8220;all the remaining Bitcoin to be maden in the USA&#8221; and said it would help the<\/p>\n","protected":false},"author":6,"featured_media":22727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[307,1730],"class_list":["post-22726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-bitcoin-mining","tag-donald-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Mining Stocks Surge Following Trump&#039;s Pro-Mining Promises - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-promises-bitcoin-mining-stocks-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Mining Stocks Surge Following Trump&#039;s Pro-Mining Promises - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Wednesday, a day following United States presidential candidate Donald Trump&#8217;s pledge to support mining activities in the nation, Bitcoin (BTC) mining stocks surged double digits. 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