According to TechFlow, according to Cointelegraph, Bitcoin mining companies' stock prices 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) are the largest gainers among the top ten Bitcoin miners by market value, rising 10.5% and 10.07% respectively on June 12.

Core Scientific (CORZ), Iris Energy (IREN), and Cipher Mining (CIFR) rounded out the top five with gains of 9.87%, 9.72%, and 8.94%, respectively.

Industry giants CleanSpark (CLSK) and Riot Platforms (RIOT) also rose 8.15% and 6.5%, respectively, but Marathon Digital (MARA), the largest bitcoin miner by market cap, was up just 2.4% on the day.

Chinese bitcoin miner Canaan Creative (CAN) was the only one of the top 20 bitcoin miners by market cap to see its share price fall.

The strong performance boosted the bitcoin mining industry’s market value to $26.4 billion, according to Companies Market Cap.