Mining stocks TeraWulf, Cipher Digital, Hut 8 outperform BTC

Bitcoin-related stocks TeraWulf (WULF), Cipher Digital (CIFR), and Hut 8 (HUT) are showing more positive price movements than Bitcoin itself, CoinDesk reported, citing a 10x Research report. In February alone, TeraWulf surged 31%, while Cipher Digital and Hut 8 rose 8% and 6%, respectively. 10x Research explained that these companies are rallying based on their energy competitiveness, not just their involvement in BTC mining. CoinDesk added that Bitcoin is trading between major resistance at $72,000 and key support at $60,000, despite a recovery in spot ETF inflows.