Best Bitcoin Stocks To Follow Today - August 10th

Key Points

• Marathon Digital, Cleanspark, and Core Scientific are identified as the top Bitcoin stocks to watch, owing to their significant trading volumes and exposure to Bitcoin's price movements.
• Cleanspark operates as a low-carbon bitcoin miner and recently traded at $10.07, with a market capitalization of $2.83 billion.
• Core Scientific provides mining services and infrastructure for digital assets, with shares recently trading at $14.41 and a market cap of $4.29 billion.

Marathon Digital, Cleanspark, and Core Scientific are the three Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. “Bitcoin stocks” is an informal term for shares of publicly traded companies that derive significant value from Bitcoin—whether by mining it, holding it on their balance sheets, or providing related services such as exchanges and payment infrastructure. Investing in these stocks offers exposure to Bitcoin’s price movements and the broader cryptocurrency ecosystem without directly buying or storing digital coins. Examples include firms like Marathon Digital, Riot Platforms and MicroStrategy. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

Marathon Digital (MARA)

Shares of MARA traded down $0.57 during mid-day trading on Friday, hitting $15.38. The company's stock had a trading volume of 25,565,741 shares, compared to its average volume of 47,758,708. The firm has a 50-day moving average price of $16.55 and a 200 day moving average price of $15.20. 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 company has a debt-to-equity ratio of 0.47, a current ratio of 0.54 and a quick ratio of 0.54. Marathon Digital has a fifty-two week low of $9.81 and a fifty-two week high of $30.28.

Read Our Latest Research Report on MARA

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 CLSK traded down $0.65 during midday trading on Friday, hitting $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 fifty-two week low of $6.45 and a fifty-two week high of $17.97. The business has a 50-day simple moving average of $10.95 and a two-hundred day simple moving average of $9.55. The firm has a market cap of $2.83 billion, a P/E ratio of 11.85 and a beta of 3.72.

Read Our Latest Research Report on CLSK

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 CORZ stock traded up $0.06 during trading on Friday, hitting $14.41. 16,617,880 shares of the company were exchanged, compared to its average volume of 14,693,904. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of -25.73 and a beta of 6.60. The business's 50-day simple moving average is $13.56 and its 200 day simple moving average is $10.98. Core Scientific has a twelve month low of $6.20 and a twelve month high of $18.63.

Read Our Latest Research Report on CORZ

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