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Best Bitcoin Stocks To Follow Today - August 4th

Marathon Digital logo with Finance background

Key Points

  • Marathon Digital (MARA) is currently a key stock to watch, trading at $15.93 with significant trading volume, highlighting its strong position in the Bitcoin market.
  • Riot Platforms (RIOT) has shown positive movement, trading at $11.37 and offering a diverse range of services related to Bitcoin mining, indicating its operational importance in the cryptocurrency sector.
  • Iris Energy Limited (IREN) trades at $16.13 and focuses on Bitcoin mining data centers, showcasing the growing institutional support for cryptocurrency infrastructure.
  • Five stocks we like better than Marathon Digital.

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 business models or balance sheets are significantly tied to Bitcoin—either by holding large amounts of BTC, engaging in Bitcoin mining, or providing cryptocurrency-related services. By buying these equities, investors gain indirect exposure to Bitcoin’s price movements and the broader blockchain ecosystem without owning the cryptocurrency itself. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

Marathon Digital (MARA)

Shares of MARA traded up $0.43 during mid-day trading on Monday, hitting $15.93. The company's stock had a trading volume of 12,371,837 shares, compared to its average volume of 42,597,984. Marathon Digital has a one year low of $9.81 and a one year high of $30.28. 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 firm has a market capitalization of $5.90 billion, a PE ratio of 14.34 and a beta of 6.24. The stock's 50-day moving average is $16.47 and its two-hundred day moving average is $15.31.

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.

Shares of RIOT traded up $0.34 during mid-day trading on Monday, hitting $11.37. The company's stock had a trading volume of 9,355,047 shares, compared to its average volume of 33,563,445. The firm has a market capitalization of $4.20 billion, a PE ratio of -26.41 and a beta of 4.61. Riot Platforms has a one year low of $6.19 and a one year high of $15.87. The stock's 50-day moving average is $11.21 and its two-hundred day moving average is $9.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 1.38.

Read Our Latest Research Report on RIOT

IREN (IREN)

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

IREN stock traded up $0.73 during midday trading on Monday, hitting $16.13. The stock had a trading volume of 5,348,260 shares, compared to its average volume of 18,646,322. IREN has a 52 week low of $5.13 and a 52 week high of $21.54. The stock has a 50-day simple moving average of $13.50 and a 200 day simple moving average of $10.11.

Read Our Latest Research Report on IREN

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