Bitcoin Stocks To Add to Your Watchlist – August 16th

TeraWulf, Bullish, Core Scientific, Marathon Digital, IREN, Riot Platforms, and Cleanspark are the seven Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks is a colloquial term for shares of publicly traded companies whose core business or significant assets are tied to Bitcoin—examples include mining firms, payment processors, or tech companies holding large bitcoin reserves. By buying these stocks or Bitcoin-focused exchange-traded funds (ETFs), investors gain indirect exposure to Bitcoin’s price movements through traditional equity markets. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

TeraWulf (WULF)

NASDAQ WULF traded up $0.26 on Friday, hitting $8.97. 107,915,265 shares of the stock traded hands, compared to its average volume of 50,908,376. The business’s fifty day moving average is $4.92 and its two-hundred day moving average is $4.01. TeraWulf has a 12 month low of $2.06 and a 12 month high of $9.30. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of -25.63 and a beta of 3.17. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.90 and a current ratio of 0.66.

Bullish (BLSH)

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.

NYSE BLSH traded down $4.90 on Friday, hitting $69.73. 9,051,959 shares of the stock traded hands, compared to its average volume of 20,713,152. Bullish has a 12 month low of $68.00 and a 12 month high of $118.00.

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.

Shares of Core Scientific stock traded up $0.29 during trading hours on Friday, reaching $14.13. The company had a trading volume of 43,578,380 shares, compared to its average volume of 15,527,717. Core Scientific has a one year low of $6.20 and a one year high of $18.63. The business has a fifty day simple moving average of $13.80 and a 200 day simple moving average of $11.01. The firm has a market cap of $4.32 billion, a PE ratio of -25.23 and a beta of 6.60.

Marathon Digital (MARA)

Shares of MARA stock traded down $0.08 on Friday, reaching $15.67. The company’s stock had a trading volume of 37,051,771 shares, compared to its average volume of 43,152,496. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. Marathon Digital has a 12-month low of $9.81 and a 12-month high of $30.28. The company has a market capitalization of $5.81 billion, a P/E ratio of 14.12 and a beta of 6.24. The stock’s 50 day simple moving average is $16.60 and its 200-day simple moving average is $15.11.

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 up $0.61 on Friday, reaching $19.69. The company’s stock had a trading volume of 25,614,598 shares, compared to its average volume of 25,402,416. IREN has a 12-month low of $5.13 and a 12-month high of $21.54. The stock’s 50 day simple moving average is $15.31 and its 200-day simple moving average is $10.58.

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 stock traded down $0.92 on Friday, reaching $11.33. The company’s stock had a trading volume of 30,807,471 shares, compared to its average volume of 40,177,768. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. Riot Platforms has a 12-month low of $6.19 and a 12-month high of $15.87. The company has a market capitalization of $4.19 billion, a P/E ratio of -26.35 and a beta of 4.61. The stock’s 50 day simple moving average is $11.74 and its 200-day simple moving average is $9.75.

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 $0.20 during trading hours on Friday, reaching $9.75. 16,374,089 shares of the stock traded hands, compared to its average volume of 21,136,700. The stock has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $9.53. Cleanspark has a 1 year low of $6.45 and a 1 year high of $17.97. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 11.47 and a beta of 3.72.