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Bitcoin Stocks To Consider - October 21st

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Key Points

  • The article highlights IREN, Marathon Digital, and Cleanspark as the top three Bitcoin stocks to watch, showcasing their importance in the market due to high trading volume.
  • IREN Limited, known for its bitcoin mining data centers, has gained significant attention, showing a year-to-date increase of 186% as it pivots towards AI integration.
  • CleanSpark, operating on low-carbon power, emphasizes its role in promoting financial independence and inclusion through its bitcoin mining infrastructure.
  • Interested in IREN? Here are five stocks we like better.

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 shares of companies whose business or investment holdings are closely tied to Bitcoin — for example, Bitcoin miners, cryptocurrency exchanges, hardware/software providers, or investment trusts and ETFs that hold Bitcoin. For stock market investors, these equities provide indirect exposure to Bitcoin's price movements while also carrying company-specific risks (management, balance sheet, dividends) and regulatory considerations that differ from 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

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

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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.

View The Five Stocks Here

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