Marathon Digital, IREN, Riot Platforms, TeraWulf, and Core Scientific are the five 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. This includes firms that hold substantial Bitcoin reserves on their books, operate cryptocurrency mining facilities, or develop infrastructure and services for the Bitcoin network. Investors use these equities as a way to gain indirect exposure to Bitcoin’s price movements without buying 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 stock traded down $0.51 during mid-day trading on Tuesday, hitting $16.65. The company's stock had a trading volume of 18,238,167 shares, compared to its average volume of 42,538,125. The business has a 50-day moving average price of $16.42 and a 200 day moving average price of $15.36. Marathon Digital has a 52-week low of $9.81 and a 52-week high of $30.28. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of -11.44 and a beta of 6.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.79 and a current ratio of 0.79.
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IREN (IREN)
Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.
NASDAQ:IREN traded down $0.99 on Tuesday, hitting $15.59. The stock had a trading volume of 15,967,104 shares, compared to its average volume of 18,633,133. The business's 50-day simple moving average is $12.95 and its two-hundred day simple moving average is $9.98. IREN has a 52-week low of $5.13 and a 52-week high of $21.54.
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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.
RIOT traded down $1.03 during midday trading on Tuesday, reaching $13.48. The company had a trading volume of 15,266,274 shares, compared to its average volume of 33,613,086. The business has a 50-day moving average of $10.89 and a two-hundred day moving average of $9.79. The company has a market cap of $4.81 billion, a P/E ratio of -10.14 and a beta of 4.57. Riot Platforms has a 1 year low of $6.19 and a 1 year high of $15.87. The company has a quick ratio of 3.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.20.
Read Our Latest Research Report on RIOT
TeraWulf (WULF)
NASDAQ:WULF traded up $0.08 on Tuesday, reaching $5.18. 22,642,879 shares of the company's stock traded hands, compared to its average volume of 43,268,957. The stock has a 50-day simple moving average of $4.43 and a 200-day simple moving average of $4.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 3.03. TeraWulf has a 12 month low of $2.06 and a 12 month high of $9.30. The firm has a market cap of $1.99 billion, a PE ratio of -15.56 and a beta of 3.11.
Read Our Latest Research Report on WULF
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 down $0.72 during trading hours on Tuesday, hitting $13.03. The stock had a trading volume of 7,749,735 shares, compared to its average volume of 16,328,233. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of -2.58 and a beta of 6.71. The stock's 50-day moving average price is $13.05 and its two-hundred day moving average price is $11.02. Core Scientific has a one year low of $6.20 and a one year high of $18.63.
Read Our Latest Research Report on CORZ
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