By Omkar Godbole (All times ET unless indicated otherwise)
Traders chasing alpha might want to take a look at U.S.-listed bitcoin mining stocks. Some of these companies are surging, boldly decoupling from the cryptocurrency’s choppy price action.
Shares in Terawulf (WULF) have gained 31% this month, even as bitcoin’s spot price has dropped nearly 17%. Cipher Digital (CIFR) and HUT 8 (HUT) have gained 8% and 6%, respectively, while Core Scientific (CORZ) is largely steady.
According to Markus Thielen, founder of 10x Research, these are among the most heavily shorted stocks by hedge funds and could gain due to positive economics.
“With long-term energy contracts secured at attractive rates, these firms possess a strategic…
