Bitcoin mining stocks experienced significant gains on Wednesday, following a promise by United States presidential candidate Donald Trump to boost mining operations within the country.

In a post on June 12, Trump expressed his desire for all remaining Bitcoin to be produced in the United States, emphasizing the potential for the country to become energy dominant.

This statement came shortly after a meeting between Trump and top executives from the Bitcoin industry.

During the meeting, Trump reportedly assured the industry leaders of his support if he were to be elected as president in November.