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Shares of Bitcoin (CRYPTO: BTC) mining stocks jumped on Friday on a rise in Bitcoin prices themselves. But there may be more to the story than that.
Stocks were up across the board, but CleanSpark (NASDAQ: CLSK) was up as much as 11.4%, while Canaan (NASDAQ: CAN) jumped 21.1%, Ebang International Holdings (NASDAQ: EBON) was up as much as 16.8%, and Bit Digital (NASDAQ: BTBT) popped 12.1%. The stocks closed the day up 7%, 9.6%, 15.9%, and 8.6% respectively.