Mining companies, which halved their rewards from the Bitcoin blockchain with the halving in April and went through difficult days with the price drops, took a little more breath as of July. Large companies in the US have increased their market capitalisation by billions of dollars in the last 2 weeks.

Marathon Digital, one of the world’s largest Bitcoin mining companies, traded on Nasdaq under the code MARA, increased its market value from $5.5 billion on 8 July to $7.56 billion at the end of that week. The company’s value decreased to $6.9 billion last week, but the 11-day gain was 30%…

The figures were also upward for RIOT. Riot Platforms (RIOT), another Nasdaq-listed company, increased its value from $2.78 billion to $3.67 billion in the same week.
Hut 8 Mining (HUT), a relatively smaller company, also increased its value from $1.58 billion to $1.76 billion.

BIT Digital (BTBT), Hive Digital (HIVE), Canaan (CAN) and BIT Mining (BTCM) also gained value on a much smaller scale.

As it will be remembered, Bitcoin has experienced serious declines in recent weeks and fell to $53,000 on 5 July. The price is the end of the German government’s sales and Mt. Gox distributions were also on the rise due to the lack of expected intensity.
The mining difficulty, which fell by 5% on 5 July, also enabled large companies to carry out their operations more comfortably. While small miners shut down their devices after the halving, the big ones took advantage of this environment. Mining difficulty rose again last week and increased by 3.2%.

Trump statements were also effective

Donald Trump’s recent speeches in favour of Bitcoin and cryptocurrencies and his meetings with industry stakeholders have also been effective in the appreciation of mining companies. Trump’s escape from the assassination on 13 July may also have a share in the rise of companies. Trump’s recent promise that “I will work to extract all the remaining BTCs in the US” is still in the memory.