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Best Cryptocurrency Stocks To Follow Today - October 6th

Bitfarms logo with Business Services background

Key Points

  • Seven cryptocurrency stocks including Bitfarms, HIVE Digital Technologies, and Galaxy Digital are highlighted today for their significant trading volume in the cryptocurrency market.
  • Investing in these cryptocurrency stocks provides investors with indirect exposure to the cryptocurrency market's growth and volatility, while also involving operational and regulatory risks.
  • Each company operates in various aspects of the cryptocurrency sector, such as mining, financial services, and software development, catering to different segments of the industry.
  • Five stocks to consider instead of Bitfarms.

Bitfarms, HIVE Digital Technologies, Galaxy Digital, Soluna, Bitcoin Depot, ZenaTech, and Bit Origin are the seven Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. “Cryptocurrency stocks” are the publicly traded shares of companies whose core business involves digital assets—such as crypto mining firms, exchange operators, blockchain technology developers or payment processors. By buying these equities, investors gain indirect exposure to the cryptocurrency market’s growth and volatility without holding tokens directly, while also taking on the operational and regulatory risks specific to those businesses. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Read Our Latest Research Report on BITF

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

Read Our Latest Research Report on HIVE

Galaxy Digital (GLXY)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

Read Our Latest Research Report on GLXY

Soluna (SLNH)

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.

Read Our Latest Research Report on SLNH

Bitcoin Depot (BTM)

Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. Its customers can buy and sell bitcoin, litecoin, and ethereum cryptocurrencies using the BTM kiosk network and other services. The company also engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering, as well as its website through over-the-counter trade.

Read Our Latest Research Report on BTM

ZenaTech (ZENA)

ZenaTech, Inc., an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.

Read Our Latest Research Report on ZENA

Bit Origin (BTOG)

Read Our Latest Research Report on BTOG

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