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

Crypto mining stocks including Marathon Digital Holdings Inc MARA, Riot Platforms Inc RIOT and CleanSpark Inc CLSK are rising Wednesday alongside the price of Bitcoin BTC/USD. 

Bitcoin appears to be getting a boost from continued optimism surrounding a potential spot ETF. Four members of the House Financial Services Committee called on SEC chair Gary Gensler to approve ETF applications, per CoinDesk. Gensler is scheduled to appear before the committee Wednesday at 10 a.m. ET. 

Marathon Digital is engaged in mining digital assets. The company is focused on the Bitcoin ecosystem. The stock was up 2.42% at $8.47 at publication time. 

Riot Blockchain is focused on building, supporting and operating blockchain technologies with a vision to become the leading Bitcoin-driven infrastructure platform. Shares were up 3.09% at $9.34 Wednesday morning.

CleanSpark is an energy company that transitioned its expertise to focus on Bitcoin mining in 2020. Cleanspark shares were up 4.58% at $3.88 at the time of publication.

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

Photo: Eivind Pedersen from Pixabay.