2023-07-13 14:14:57 ET
Shares of several crypto mining stocks surged this week thanks to promising new economic data and as institutional interest picks up in the space.
Shares of Riot Platforms (NASDAQ: RIOT) traded roughly 27% higher for the week as of 12:28 p.m. ET today, according to data provided by S&P Global Market Intelligence . Meanwhile, shares of TeraWulf (NASDAQ: WULF) had blasted more than 40% higher, while shares of Marathon Digital Holdings (NASDAQ: MARA) were up nearly 20%.
Earlier this week, the U.S. Bureau of Labor Statistics released the latest reading for the Consumer Price Index (CPI), which tracks the prices on a market basket of consumer goods and services and is a key way investors gauge inflation. The CPI in June rose 0.2% and was up 3% year over year, which is better than economists had been expecting.
For further details see:
Why Shares of Riot Platforms, TeraWulf, and Marathon Digital Are Surging This Week