Best Bitcoin Stocks To Research – August 9th

Marathon Digital, Cleanspark, Core Scientific, IREN, Riot Platforms, TeraWulf, and Bit Digital are the seven Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. “Bitcoin stocks” is an informal term for publicly traded companies and funds that derive significant business or investment exposure from Bitcoin. This can include bitcoin mining firms, blockchain-technology companies, businesses holding bitcoin on their balance sheet, or exchange-traded funds that track bitcoin futures or related equities. Investing in these stocks offers indirect exposure to Bitcoin’s price movements without purchasing the cryptocurrency directly. 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 $0.57 on Friday, hitting $15.38. The company had a trading volume of 25,565,741 shares, compared to its average volume of 47,758,708. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 13.86 and a beta of 6.24. The stock has a 50 day moving average of $16.55 and a 200-day moving average of $15.24. Marathon Digital has a 1 year low of $9.81 and a 1 year high of $30.28.

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.

NASDAQ:CLSK traded down $0.65 during trading hours on Friday, reaching $10.07. The stock had a trading volume of 33,927,835 shares, compared to its average volume of 22,488,066. Cleanspark has a 12-month low of $6.45 and a 12-month high of $17.97. The stock has a 50 day simple moving average of $10.95 and a 200 day simple moving average of $9.57. The stock has a market cap of $2.83 billion, a P/E ratio of 11.85 and a beta of 3.72.

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.

Core Scientific stock traded up $0.06 during midday trading on Friday, hitting $14.41. 16,617,880 shares of the company’s stock were exchanged, compared to its average volume of 14,693,904. Core Scientific has a 52-week low of $6.20 and a 52-week high of $18.63. The stock has a 50-day moving average price of $13.56 and a two-hundred day moving average price of $11.01. The company has a market cap of $4.29 billion, a P/E ratio of -2.86 and a beta of 6.60.

IREN (IREN)

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

Shares of IREN stock traded down $0.12 during trading on Friday, hitting $18.45. 12,804,348 shares of the stock traded hands, compared to its average volume of 27,086,684. The firm’s fifty day moving average is $14.38 and its 200-day moving average is $10.34. IREN has a 52 week low of $5.13 and a 52 week high of $21.54.

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 $0.50 on Friday, hitting $11.08. The company’s stock had a trading volume of 20,771,184 shares, compared to its average volume of 44,356,348. Riot Platforms has a 52-week low of $6.19 and a 52-week high of $15.87. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $11.50 and its 200 day simple moving average is $9.78. The firm has a market cap of $4.10 billion, a P/E ratio of -25.77 and a beta of 4.61.

TeraWulf (WULF)

WULF stock traded up $0.09 on Friday, reaching $5.03. 42,077,347 shares of the company traded hands, compared to its average volume of 43,050,512. TeraWulf has a one year low of $2.06 and a one year high of $9.30. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $1.93 billion, a P/E ratio of -15.24 and a beta of 3.17. The firm has a fifty day simple moving average of $4.64 and a 200-day simple moving average of $3.97.

Bit Digital (BTBT)

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.

Shares of Bit Digital stock traded up $0.04 on Friday, reaching $2.99. The company’s stock had a trading volume of 35,933,030 shares, compared to its average volume of 47,137,904. The company has a market capitalization of $956.68 million, a price-to-earnings ratio of -6.36 and a beta of 4.90. The firm’s fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $2.58. Bit Digital has a 52 week low of $1.69 and a 52 week high of $5.74.