Why Bitcoin Mining Stocks Soared Today

Slipstreaming behind gains on major cryptocurrencies such as Bitcoin (CRYPTO: BTC), cryptocurrency mining companies had a fine Monday. HIVE Blockchain Technologies (NASDAQ: HIVE) and Hut 8 Mining (NASDAQ: HUT) both closed the day nearly 10% higher, while Bit Digital (NASDAQ: BTBT) posted an almost 6% gain.

This latest of many cryptocurrency surges actually began over the weekend, led as always by a rising Bitcoin. This followed news of the House of Representatives' passage of a monster infrastructure bill that addresses cryptocurrency-related issues such as broker registration and transaction reporting.

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Source Fool.com