Bitcoin Stocks Worth Watching – July 18th

Marathon Digital, Riot Platforms, and IREN are the three Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks are shares of publicly traded companies whose core business activities involve Bitcoin—such as mining operations, digital asset management firms or blockchain infrastructure developers—allowing investors to gain indirect exposure to Bitcoin’s price movements. Unlike buying Bitcoin directly, these equities combine the cryptocurrency’s upside potential with the traditional risks and governance factors of the public stock market. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

Marathon Digital (MARA)

Shares of Marathon Digital stock traded down $0.27 during trading on Friday, hitting $19.71. 24,241,968 shares of the company were exchanged, compared to its average volume of 44,945,344. The firm has a market capitalization of $6.93 billion, a P/E ratio of -13.57 and a beta of 6.53. Marathon Digital has a 1-year low of $9.81 and a 1-year high of $30.28. The firm’s fifty day moving average price is $16.12 and its 200 day moving average price is $15.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.79 and a quick ratio of 0.79.

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.

Shares of Riot Platforms stock traded up $0.26 during trading on Friday, hitting $13.59. 22,481,458 shares of the company were exchanged, compared to its average volume of 28,777,364. The firm has a market capitalization of $4.85 billion, a P/E ratio of -10.29 and a beta of 4.57. Riot Platforms has a 1-year low of $6.19 and a 1-year high of $15.87. The firm’s fifty day moving average price is $10.12 and its 200 day moving average price is $9.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.23 and a quick ratio of 3.23.

IREN (IREN)

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Shares of NASDAQ:IREN traded down $0.24 during trading on Friday, hitting $17.81. 16,013,839 shares of the company’s stock traded hands, compared to its average volume of 16,786,043. IREN has a 52 week low of $5.13 and a 52 week high of $18.84. The company has a 50-day moving average price of $11.53 and a 200-day moving average price of $9.63.