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Bitcoin Stocks To Add to Your Watchlist - May 8th

IREN logo with Finance background
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Key Points

  • Five Bitcoin stocks to watch: IREN (IREN), TeraWulf (WULF), BitMine Immersion Technologies (BMNR), Cipher Mining (CIFR), and Marathon Digital (MARA) were flagged by MarketBeat's screener for the highest recent dollar trading volume among Bitcoin-linked equities.
  • They track Bitcoin but carry extra risks: These companies (miners, exchanges, hardware/infrastructure, and firms holding bitcoin) often move with Bitcoin's price and adoption, but company-specific and market risks mean they are not perfect substitutes for holding bitcoin directly.
  • IREN snapshot: IREN Limited, formerly Iris Energy, operates bitcoin-mining data centers and is headquartered in Sydney, Australia.
  • Interested in IREN? Here are five stocks we like better.

IREN, TeraWulf, BitMine Immersion Technologies, Cipher Mining, and Marathon Digital are the five Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. "Bitcoin stocks" are shares of companies whose business models, revenues, or balance-sheet assets are closely tied to Bitcoin — for example, miners, crypto exchanges, hardware or infrastructure providers, and firms that hold significant bitcoin reserves. These equities often move with Bitcoin's price and adoption trends but also carry company-specific and stock-market risks, so they are not perfect substitutes for owning bitcoin directly. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

IREN (IREN)

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

Read Our Latest Research Report on IREN

TeraWulf (WULF)

Read Our Latest Research Report on WULF

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.

Read Our Latest Research Report on BMNR

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

Marathon Digital (MARA)

Read Our Latest Research Report on MARA

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in IREN Right Now?

Before you consider IREN, 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 IREN wasn't on the list.

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

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