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Bitcoin Stocks To Follow Now - August 12th

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Key Points

  • Three Bitcoin stocks to watch are Marathon Digital (MARA), IREN, and Cleanspark (CLSK), as they had the highest trading volume recently in the crypto market.
  • Marathon Digital's stock reached $15.68 with a market cap of $5.81 billion, while IREN's shares traded at $18.02 and CleanSpark at $10.08 during recent sessions.
  • These companies are involved in Bitcoin mining and digital commodities, providing investors with indirect exposure to Bitcoin's price fluctuations within traditional stock markets.
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Marathon Digital, IREN, and Cleanspark 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 are significantly tied to Bitcoin—whether through mining operations, exchange platforms, or large on-chain holdings. By buying these equities, investors gain indirect exposure to Bitcoin’s price swings within the regulated framework of traditional stock markets. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

Marathon Digital (MARA)

Shares of MARA traded up $0.02 during trading hours on Tuesday, reaching $15.68. The company's stock had a trading volume of 12,120,054 shares, compared to its average volume of 41,999,316. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 14.12 and a beta of 6.24. Marathon Digital has a 1-year low of $9.81 and a 1-year high of $30.28. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $16.58 and a two-hundred day moving average of $15.14.

Read Our Latest Research Report on MARA

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.

NASDAQ:IREN traded up $0.05 during mid-day trading on Tuesday, reaching $18.02. The stock had a trading volume of 7,333,135 shares, compared to its average volume of 18,569,115. The business's 50 day moving average is $14.56 and its 200 day moving average is $10.35. IREN has a fifty-two week low of $5.13 and a fifty-two week high of $21.54.

Read Our Latest Research Report on IREN

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.

Cleanspark stock traded up $0.21 during trading hours on Tuesday, reaching $10.08. 10,574,507 shares of the company were exchanged, compared to its average volume of 25,463,783. Cleanspark has a 12 month low of $6.45 and a 12 month high of $17.97. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 11.86 and a beta of 3.72. The stock has a 50-day moving average of $10.98 and a 200 day moving average of $9.53.

Read Our Latest Research Report on CLSK

See Also

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.

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