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Best Bitcoin Stocks To Add to Your Watchlist - October 6th

IREN logo with Finance background

Key Points

  • MarketBeat identified five notable Bitcoin stocks to watch, including IREN, Marathon Digital, Riot Platforms, Cipher Mining, and Cleanspark, based on their recent trading volume and exposure to the cryptocurrency market.
  • IREN Limited has seen a significant increase of 186% YTD due to its pivot towards artificial intelligence in its operations, further solidifying its position in the bitcoin mining sector.
  • Cleanspark focuses on bitcoin mining using low-carbon power, emphasizing its commitment to sustainability within the cryptocurrency industry.
  • MarketBeat previews the top five stocks to own by November 1st.

IREN, Marathon Digital, Riot Platforms, Cipher Mining, and Cleanspark are the five Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. Bitcoin stocks are shares of publicly traded companies whose businesses are closely tied to bitcoin—whether by holding significant amounts of BTC on their balance sheets, operating bitcoin-mining facilities, or providing core services like trading, custody and infrastructure. By buying these equities, investors gain exposure to bitcoin’s price fluctuations and the broader cryptocurrency ecosystem without directly owning the digital currency. Examples include mining outfits, crypto exchanges and firms that strategically acquire bitcoin as a corporate treasury asset. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

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.

Read Our Latest Research Report on IREN

Marathon Digital (MARA)

Read Our Latest Research Report on MARA

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.

Read Our Latest Research Report on RIOT

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

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.

Read Our Latest Research Report on CLSK

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Should You Invest $1,000 in IREN Right Now?

Before you consider IREN, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IREN wasn't on the list.

While IREN currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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