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Gold Finance reported that former President Trump posted on Truth Social, stating that Bitcoin mining is the "last line of defense" against Central Bank Digital Currencies (CBDC), and emphasized that Bitcoin should be mined in the United States. After this statement, Bitcoin mining stocks generally rose on Wednesday.
TeraWulf shares rose nearly 20% to $4.13 before falling back to $3.96, up about 14% from the previous day's closing price. MicroStrategy and Hive Digital Technologies stocks rose about 7% and 8% respectively, while Iris Energy rose about 3%.