Odaily Planet Daily News: Although Bitcoin prices have fallen this month, the stock prices of several Bitcoin mining companies have defied the trend and strengthened. For example, TeraWulf’s stock price has increased by 31% this month, Cipher Mining by 8%, Hut 8 by 6%, and Core Scientific has remained basically flat. Analysts believe that Bitcoin mining companies are currently among the targets with a high short-selling ratio by hedge funds. If fundamentals improve, a short squeeze could be triggered. These companies have secured long-term and attractive power contracts, giving them structural advantages in energy costs. Their strategic value goes beyond simple Bitcoin mining operations, with capital flowing toward “structural winners,” while traditional mining companies may face the risk of marginalization. (CoinDesk)
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Analysis: Bitcoin mining company stock prices rise against the trend, with short covering and electricity dividends being key drivers
Odaily Planet Daily News: Although Bitcoin prices have fallen this month, the stock prices of several Bitcoin mining companies have defied the trend and strengthened. For example, TeraWulf’s stock price has increased by 31% this month, Cipher Mining by 8%, Hut 8 by 6%, and Core Scientific has remained basically flat. Analysts believe that Bitcoin mining companies are currently among the targets with a high short-selling ratio by hedge funds. If fundamentals improve, a short squeeze could be triggered. These companies have secured long-term and attractive power contracts, giving them structural advantages in energy costs. Their strategic value goes beyond simple Bitcoin mining operations, with capital flowing toward “structural winners,” while traditional mining companies may face the risk of marginalization. (CoinDesk)