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Bitcoin Stocks To Consider - October 4th

IREN logo with Finance background

Key Points

  • IREN, Marathon Digital, and Cipher Mining are identified as top Bitcoin stocks to watch, reflecting strong trading volumes and investor interest.
  • IREN Limited has experienced a significant 186% year-to-date increase driven by its pivot towards AI technologies.
  • Investors can gain exposure to Bitcoin price movements by purchasing shares in companies like these rather than buying Bitcoin directly.
  • MarketBeat previews top five stocks to own in November.

IREN, Marathon Digital, and Cipher Mining are the three 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 give investors exposure to Bitcoin’s price movements. These include pure-play Bitcoin miners, firms holding large Bitcoin reserves, or technology companies providing crypto-related services. By buying these stocks, investors can speculate on the cryptocurrency’s performance through regulated equity markets rather than purchasing 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

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

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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 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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