These bitcoin-linked stocks are doing better than BTC: Crypto Daybook Americas

CoinDesk

by Omkar Godbole

February 25, 2026

AI-Generated Deep Dive Summary

Crypto markets are seeing an interesting trend as certain U.S.-listed bitcoin mining stocks outperform the cryptocurrency itself. While Bitcoin’s spot price has dropped nearly 17% this month, shares in companies like Terawulf (WULF), Cipher Digital (CIFR), and HUT 8 (HUT) have surged, gaining 31%, 8%, and 6%, respectively. This divergence suggests that investors are increasingly turning to mining stocks as a potentially more stable bet compared to the volatile cryptocurrency market. Markus Thielen, founder of 10x Research, highlights that these mining companies hold a strategic advantage due to their long-term energy contracts at favorable rates. He notes that such structural advantages position them as "winners" in the long run, particularly against legacy operators who may struggle to adapt. This shift in investor sentiment reflects a growing recognition of the potential for mining stocks to offer more predictable returns compared to the broader cryptocurrency market. Bitcoin’s price has rebounded above $65,000, potentially influenced by gains in futures tied to the Nasdaq 100 index. However, experts caution that sustained growth may require continued inflows into spot bitcoin ETFs, which saw a significant increase of $257.7 million on Tuesday—the highest since early February. Vikram Subburaj, CEO of Giottus.com, points out that Bitcoin’s price is now near critical technical levels, with $60,000 acting as a key support point and $72,000-$75,000 signaling a potential recovery. The broader market dynamics also play a role in shaping crypto’s trajectory. The Dollar Index reversed early losses, impacting dollar-denominated assets like gold and Bitcoin. Meanwhile, oil prices dipped despite concerns over a potential U.S.-Iran military conflict

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Originally published on CoinDesk on 2/25/2026