Analysis: BTC Falls Nearly 17% Monthly, But Mining Stocks Lead Gains Against the Trend; Short Covering and Power Cost Advantages Are Key Drivers

According to Odaily, despite Bitcoin's price falling nearly 17% this month, the stock prices of several Bitcoin mining companies have shown strength against the trend. For example, TeraWulf's stock price has accumulated a 31% increase this month, Cipher Mining rose 8%, Hut 8 gained 6%, and Core Scientific remained largely flat. Analysis suggests that Bitcoin mining companies are currently among the targets with relatively high short interest from hedge funds. If fundamentals improve, it could trigger short-covering rallies. These companies have secured long-term, attractive power contracts, giving them a structural advantage in energy costs. Their strategic value extends beyond mere Bitcoin mining operations. Capital is flowing towards "structural winners," while traditional mining companies may face the risk of being marginalized. (CoinDesk)