Bitcoin Stocks To Add to Your Watchlist - October 16th

Key Points

• IREN, Marathon Digital, and Cleanspark are identified as the top Bitcoin stocks to watch, based on their significant trading volume and connection to Bitcoin's market dynamics.
• IREN Limited, headquartered in Sydney, is focused on operating bitcoin mining data centers and has shown impressive growth, being up 186% year-to-date.
• CleanSpark emphasizes low-carbon power in its bitcoin mining operations, further positioning itself as a sustainable player in the cryptocurrency sector.

IREN, Marathon Digital, and Cleanspark are the three Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. "Bitcoin stocks" refers to publicly traded companies whose business models, revenues, or balance sheets are closely tied to Bitcoin—such as miners, crypto exchanges, wallet/service providers, or firms that hold significant amounts of bitcoin on their balance sheet. For stock market investors, these shares offer an indirect way to gain exposure to Bitcoin’s price movements and industry growth while still carrying company-specific risks and not necessarily tracking Bitcoin’s price exactly. 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

Marathon Digital (MARA)

Read Our Latest Research Report on MARA

Cleanspark (CLSK)

CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc.

Read Our Latest Research Report on CLSK