HomeMarket NewsMicro Cap StocksBitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Rising: What's...

Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark Are Rising: What's Going On?

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Shares of crypto mining companies, including Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK), are experiencing notable gains on Wednesday alongside the rising price of Bitcoin (BTC/USD).

The surge in Bitcoin appears to be driven by positive sentiment around the potential approval of a Bitcoin spot ETF. CoinDesk reports that four members of the House Financial Services Committee have called on SEC Chair Gary Gensler to approve ETF applications, and Gensler is scheduled to appear before the committee on Wednesday at 10 a.m. ET.

Marathon Digital Holdings is primarily focused on mining digital assets, with a particular emphasis on the Bitcoin ecosystem. At the time of publication, Marathon Digital’s stock was up 2.42% at $8.47.

Riot Platforms Inc is dedicated to developing, supporting, and operating blockchain technologies, aiming to become a leading infrastructure platform driven by Bitcoin. Riot Platforms’ shares rose by 3.09% to $9.34 on Wednesday morning.

CleanSpark Inc, originally an energy company, shifted its focus to Bitcoin mining in 2020. CleanSpark’s shares surged by 4.58% to $3.88 at the time of publication.

Check This Out: EXCLUSIVE: Wolf Of Wall Street Jordan Belfort Says He Was Right About Crypto Being A Scam, But Bitcoin Is Different

$BTC Price Action: At the time of writing, Bitcoin was up 2.04% over a 24-hour period, trading at $26,778 according to Benzinga Pro.

Photo: Eivind Pedersen from Pixabay.

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