Free Trial

Best Cryptocurrency Stocks To Research - October 8th

HIVE Digital Technologies logo with Finance background

Key Points

  • HIVE Digital Technologies, Bitfarms, and Galaxy Digital are highlighted as top cryptocurrency stocks due to their significant trading volumes and roles in the digital asset space.
  • HIVE Digital Technologies engages in cryptocurrency mining across multiple countries and offers data center operations, while Bitfarms focuses on mining Bitcoin and providing electrician services in Canada.
  • Galaxy Digital is a multifaceted financial services firm involved in various sectors of the blockchain industry, including investment management and trading.
  • Five stocks to consider instead of HIVE Digital Technologies.

HIVE Digital Technologies, Bitfarms, and Galaxy Digital are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose primary business involves digital assets or blockchain technology—such as mining operations, crypto exchanges, wallet providers, and infrastructure developers. They allow stock market investors to gain exposure to the growth and volatility of the crypto sector without owning coins directly. Their share prices tend to track both overall equity market trends and the underlying movements of major cryptocurrencies. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

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

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

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

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in HIVE Digital Technologies Right Now?

Before you consider HIVE Digital Technologies, 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 HIVE Digital Technologies wasn't on the list.

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

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.

Get This Free Report
Like this article? Share it with a colleague.