New York(CNN Business)Bitcoin and other cryptocurrencies plunged earlier this month after Elon Musk said Tesla would stop accepting bitcoin as payment for its vehicles because of the huge amount of energy needed to mine bitcoin. But Musk might be having a slight change of heart.
The Tesla (tweeted late Monday that he spoke with bitcoin miners in North America, and they "committed to publish current & planned renewable usage.") and SpaceX CEO
Musk added that these miners will ask their global rivals to do so as well, a development he dubbed "potentially promising."
Bitcoin prices () have stabilized a bit in recent days and are now hovering around $37,000. But that's a far cry from the all-time high of above $60,000 just last month.
The prices of other top cryptos, such as ethereum, binance coin, cardano, XRP and dogecoin, the joke coin that Musk has also tweeted about often but called a "hustle" during his recent "Saturday Night Live" appearance, have also plummeted in the past few weeks.
Still, Musk's comments boosted shares of several top bitcoin mining companies, which own facilities that operate high-end hardware used to solve the complex mathematical puzzles required to generate new bitcoin.
Riot Blockchain (), Marathon Digital Holdings( ) and Hive Blockchain ( ) all soared more than 10% Monday before pulling back a bit Tuesday morning.
Michael Saylor, the CEO of software firm MicroStrategy (owns a sizable chunk of bitcoin on its balance sheet and has continued to buy more as prices have dropped, said in a series of tweets Monday that he helped arrange the meeting between Musk and the bitcoin miners.), which