Promising Bitcoin Stocks Worth Watching – May 5th

iShares Bitcoin Trust, MARA, Riot Platforms, CleanSpark, TeraWulf, Hut 8, and Core Scientific are the seven Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks are shares of publicly traded companies whose business models or asset holdings give investors exposure to the price and adoption of Bitcoin. This category includes firms that mine Bitcoin, provide related hardware or services, or hold significant amounts of BTC on their balance sheets. By buying these equities, investors gain indirect participation in Bitcoin’s market movements and ecosystem growth. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

iShares Bitcoin Trust stock traded down $1.91 during trading hours on Monday, hitting $53.28. The company had a trading volume of 14,258,455 shares, compared to its average volume of 45,352,047. The firm has a 50-day moving average of $48.86 and a 200 day moving average of $51.38. iShares Bitcoin Trust has a one year low of $28.23 and a one year high of $61.75.

MARA (MARA)

Shares of MARA stock traded down $1.51 on Monday, hitting $12.98. The stock had a trading volume of 33,879,110 shares, compared to its average volume of 45,224,287. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 16.41 and a beta of 6.82. The business’s 50 day moving average is $13.03 and its two-hundred day moving average is $17.40. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a twelve month low of $9.81 and a twelve month high of $30.28.

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

NASDAQ RIOT traded down $0.56 on Monday, reaching $7.83. The stock had a trading volume of 17,980,958 shares, compared to its average volume of 25,762,271. The company has a market cap of $2.74 billion, a P/E ratio of 18.22 and a beta of 4.60. The firm has a fifty day moving average of $7.61 and a two-hundred day moving average of $10.29. Riot Platforms has a 1-year low of $6.19 and a 1-year high of $15.87.

CleanSpark (CLSK)

CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc.

Shares of CleanSpark stock traded down $0.75 during trading on Monday, reaching $8.06. The company’s stock had a trading volume of 12,372,238 shares, compared to its average volume of 28,233,096. The business’s 50-day moving average price is $7.90 and its 200-day moving average price is $10.40. CleanSpark has a 52 week low of $6.45 and a 52 week high of $20.64. The firm has a market cap of $2.26 billion, a PE ratio of 73.22 and a beta of 4.36.

TeraWulf (WULF)

TeraWulf stock traded down $0.28 during midday trading on Monday, hitting $2.94. The company’s stock had a trading volume of 15,720,528 shares, compared to its average volume of 28,785,367. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -14.68 and a beta of 2.76. TeraWulf has a 1-year low of $1.91 and a 1-year high of $9.30. The company has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $5.09.

Hut 8 (HUT)

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.

Shares of HUT traded down $1.02 during mid-day trading on Monday, hitting $12.78. 2,442,411 shares of the company’s stock were exchanged, compared to its average volume of 5,466,578. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.35. Hut 8 has a 52 week low of $7.67 and a 52 week high of $31.95. The stock’s 50-day simple moving average is $12.61 and its 200-day simple moving average is $19.03.

Core Scientific (CORZ)

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

NASDAQ:CORZ traded down $0.07 during trading hours on Monday, reaching $8.67. 3,208,228 shares of the company were exchanged, compared to its average volume of 12,832,291. The company has a market capitalization of $2.56 billion, a P/E ratio of -1.60 and a beta of 6.66. The business has a 50 day moving average of $8.05 and a 200 day moving average of $12.21. Core Scientific has a 1-year low of $3.29 and a 1-year high of $18.63.