A day after former U.S. President Donald Trump attempted to align himself with bitcoin miners and said the rest of the cryptocurrency should be mined in the United States, mining stocks rose on Wednesday.

Led by TeraWulf, which had jumped by nearly 20% at one point, bitcoin mining stocks recovered on Wednesday after the vast majority fell the previous trading day. While the price of bitcoin also rebounded about 5%, it appears Trump's comments may have helped power price gains for the mining stocks.

Trump's comments were posted on Truth Social late Tuesday night.

"VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a [Central Bank Digital Currency]," the post said. "Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the …