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Why Crypto Mining Stocks Jumped Today

TheMotleyFool

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Shares of crypto mining stocks went on a strong run to start the week as cryptocurrencies themselves bounced higher on Monday. At 3 p.m. EDT Bitcoin (CRYPTO: BTC) was up 4.9% in the last 24 hours while Ethereum (CRYPTO: ETH) was up 5.3%. Most major cryptocurrencies are moving higher for the day.

Mining stocks are up big across the board but leading the way are Hut 8 Mining (NASDAQ: HUT) rising 17.1%, CleanSpark (NASDAQ: CLSK) jumping 13.1%, and Canaan (NASDAQ: CAN) moving as much as 14.1% higher. The three stocks are currently trading 16.9%, 13.1%, and 13.1% higher, respectively, as I'm writing.

Image source: Getty Images.

Source Fool.com

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