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Bitcoin Stocks To Follow Today - May 5th

IREN logo with Finance background
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Key Points

  • Seven Bitcoin stocks to watch: IREN, Cipher Mining (CIFR), BitMine Immersion (BMNR), TeraWulf (WULF), Marathon Digital (MARA), Riot Platforms (RIOT), and Strategy Inc (STRC) had the highest dollar trading volume among bitcoin-related equities recently.
  • "Bitcoin stocks" provide regulated, indirect exposure to Bitcoin via miners, treasury holders, and crypto infrastructure firms, but carry company-specific operational, regulatory, and managerial risks that differ from owning BTC directly.
  • Notable company types: IREN is a Sydney-based bitcoin miner, Riot operates mining, data-center hosting and engineering in North America, and Strategy Inc acts as a bitcoin treasury and issuer of varied securities with AI analytics services.
  • Five stocks to consider instead of IREN.

IREN, Cipher Mining, BitMine Immersion Technologies, TeraWulf, Marathon Digital, Riot Platforms, and Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock are the seven Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. "Bitcoin stocks" refers to shares of publicly traded companies that provide investors with exposure to Bitcoin — for example, firms that mine Bitcoin, hold significant BTC on their balance sheet, or offer crypto-related services and infrastructure. For stock market investors, these equities offer an indirect, regulated way to participate in Bitcoin’s price movements and industry growth while carrying company-specific risks (operational, regulatory, and managerial) 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

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

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

TeraWulf (WULF)

Read Our Latest Research Report on WULF

Marathon Digital (MARA)

Read Our Latest Research Report on MARA

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Read Our Latest Research Report on RIOT

Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC)

Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software.

Read Our Latest Research Report on STRC

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.

View The Five Stocks Here

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