U.S. Stocks Update | Cryptocurrency Miners Surge with Bitdeer Technologies (BTDR.US) Rising Over 25%

Stock News
Oct 15

On Wednesday, cryptocurrency mining companies showed strong performance, with Bitdeer Technologies (BTDR.US) increasing by over 25%, Applied Digital (APLD.US) rising by more than 12%, Hut 8 (HUT.US) climbing nearly 10%, and Bitfarms (BITF.US) gaining over 5%. In related news, at a conference held in London this week, Nigel Farage, leader of the Reform Party in the UK, positioned himself as a supporter of digital assets and proposed a series of policies. These include: a unified capital gains tax of 10% on cryptocurrencies; establishing a national Bitcoin reserve of approximately £5 billion using seized cryptocurrencies; halting the Bank of England's digital pound project; and allowing tax payments to be made in cryptocurrency (on a voluntary basis).

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