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Why Bitcoin Mining Stocks Were Soaring Today

TheMotleyFool

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Why Bitcoin Mining Stocks Were Soaring Today:

The price of Bitcoin (CRYPTO: BTC) was soaring on Wednesday, seemingly catalyzed by interesting news from Latin America. As of 1:30 p.m. EDT, the price of Bitcoin was about $36,500, up 14% over the past 24 hours, according to CoinDesk.

Because of this, many Bitcoin mining stocks were also up today, especially smaller companies. Among these are CleanSpark (NASDAQ: CLSK), SOS Limited (NYSE: SOS), and Ebang International Holdings (NASDAQ: EBON), up 13%, 10%, and 9%, respectively.

Image source: Getty Images.

Source Fool.com

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