financetom
Business
financetom
/
Business
/
Bitcoin Mining Stocks MARA Holdings, Riot Platforms And CleanSpark Are Charging Higher Wednesday: What's Going On?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bitcoin Mining Stocks MARA Holdings, Riot Platforms And CleanSpark Are Charging Higher Wednesday: What's Going On?
Nov 9, 2024 11:21 AM

Bitcoin (CRYPTO: BTC) mining stocks MARA Holdings Inc ( MARA ) , Riot Platforms Inc ( RIOT )  and CleanSpark Inc ( CLSK ) are surging Wednesday morning after Donald Trump was elected as the next president of the United States.

What To Know: Broader markets are ripping higher in early trading Wednesday after Trump secured a second term as investors expect U.S.-focused companies to benefit from potential lower taxes and tariffs.

Crypto markets appear to be among the biggest immediate beneficiaries with Bitcoin (CRYPTO: BTC) hitting new all-time highs above $75,000 and several other popular cryptocurrencies surging on the election results. Trump has positioned himself as a pro-crypto candidate.

Bitcoin mining stocks are outpacing gains in underlying cryptocurrencies in early trading Wednesday. Trump said earlier this year that he wanted all Bitcoin to be made in the U.S.

Check This Out: Bitcoin’s Future Under President-Elect Donald Trump: A Look At His Crypto Policies

MARA Holdings ( MARA ), Riot and CleanSpark ( CLSK ) all released mining updates for October at the beginning of the week. Here’s a look at how the miners stack up against each other.

MARA Holdings ( MARA ) mined 717 bitcoin in October, up 2% month-over-month. The company said it held a total of 27,562 bitcoin as of Oct. 31.

Riot mined 505 bitcoin in October, up 23% month-over-month. The company said it held 10,928 bitcoin as of the end of the month.

CleanSpark ( CLSK ) mined 655 bitcoin in October, up 32% on a month-over-month basis. The company had total bitcoin holdings of 8,701 as of Oct. 31.

Bitcoin was up about 7% over a 24-hour period, trading around $74,640 at the time of publication, according to Benzinga Pro.

MARA, RIOT, CLSK: At publication time, MARA shares were up 9.21% at $17.73, Riot shares were up 12.3% at $10.90 and CleanSpark ( CLSK ) shares were up 11.6% at $11.74, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved