Wall Street Investors Rally After Trump’s Mining Remarks

Cointelegraph reports that Donald Trump’s endorsement of “mined, minted and made in the USA” spurred a 12% weekly surge in crypto mining company stocks. Texas has seen notable growth, with planned new data centers totaling 1.4 GW in capacity. Institutional funds highlight reliable supply chains and strong collaboration with domestic energy suppliers.

Analysts observed that during early trading on the New York Stock Exchange, combined trading volume for five leading mining firms topped $80 mln. Some experts predict further Trump statements could drive extended tax relief and subsidies for the “crypto industry.” The NYX-Mining index rose from 210 to 235 points, its highest jump in four months.

While short-term market corrections remain possible, observers agree that renewed US political backing for crypto bolsters investor confidence.