Bitcoin mining stocks showed significant recoveries Wednesday following a more negative day.
Bitcoin prices shot up past $24,000, after data released by the U.S. Bureau of Labor Statistics showed inflation in the US was 8.5% in July compared with last year, indicating inflation might be slowing down.
By market close, bitcoin was trading at around $32,600, according to data from TradingView.
CleanSpark was up by 27.78% since market close Tuesday, when it released its second-quarter earnings report. The company posted $29.3 million in net losses and announced that it is exiting the energy business.
Marathon (which released earnings on Monday) saw its stock rise by 15.95%, followed by Core Scientific (14.84%) and Bit Digital (13.42%).
Here's how crypto mining companies performed on Wednesday, August 10:
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