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Bitcoin Stocks To Follow Today - October 7th

IREN logo with Finance background

Key Points

  • IREN Limited, previously Iris Energy Limited, is a key player in the bitcoin mining sector and has seen a significant 186% year-to-date increase attributed to its AI initiatives.
  • MarketBeat identifies seven prominent bitcoin stocks to watch, including Marathon Digital and Riot Platforms, which are closely tied to bitcoin's price movements.
  • CleanSpark focuses on bitcoin mining using low-carbon power sources, emphasizing its role in financial independence and inclusion through its data centers across the Americas.
  • Interested in IREN? Here are five stocks we like better.

IREN, Marathon Digital, Cleanspark, Cipher Mining, Riot Platforms, TeraWulf, and Bit Digital are the seven Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. Bitcoin stocks are shares of publicly traded companies whose core operations or balance sheets are closely tied to bitcoin—such as cryptocurrency miners, blockchain technology developers, or investment trusts holding substantial bitcoin reserves. By purchasing these equities, stock market investors gain indirect exposure to bitcoin’s price movements and industry growth without having to buy or store the cryptocurrency themselves. Trading bitcoin stocks can offer the potential upside of bitcoin within the regulatory framework and liquidity of traditional equity markets. 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

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

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

TeraWulf (WULF)

Read Our Latest Research Report on WULF

Bit Digital (BTBT)

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities; and digital asset staking and digital asset mining businesses, as well as ethereum staking activities. In addition, it provides specialized cloud-infrastructure services for artificial intelligence applications.

Read Our Latest Research Report on BTBT

Featured Articles

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.

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