Bitcoin Stocks To Keep An Eye On - August 11th

Key Points

• Investors should monitor seven key Bitcoin-related stocks: Marathon Digital, IREN, TeraWulf, Cleanspark, Core Scientific, Riot Platforms, and Bit Digital, which have shown high trading volumes recently.
• Marathon Digital has a market capitalization of $5.92 billion and a P/E ratio of 14.44, while Riot Platforms has a market cap of $4.20 billion, indicating strong positions within the sector.
• Bitcoin stocks provide investors with indirect exposure to Bitcoin price movements, operating within a regulated stock market environment, which may appeal to cautious investors.

Marathon Digital, IREN, TeraWulf, Cleanspark, Core Scientific, Riot Platforms, 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 business involves Bitcoin—whether through mining, holding large reserves, or providing related services such as exchanges and custody. By buying these equities, investors gain indirect exposure to Bitcoin’s price movements within the familiar regulatory framework of stock markets. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

Marathon Digital (MARA)

NASDAQ MARA traded up $0.59 on Monday, hitting $15.97. 18,221,222 shares of the stock were exchanged, compared to its average volume of 42,092,965. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a fifty day moving average price of $16.55 and a two-hundred day moving average price of $15.17. The firm has a market capitalization of $5.92 billion, a P/E ratio of 14.44 and a beta of 6.24. Marathon Digital has a 52-week low of $9.81 and a 52-week high of $30.28.

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.

Shares of NASDAQ:IREN traded down $0.09 on Monday, hitting $18.36. 11,297,174 shares of the company's stock were exchanged, compared to its average volume of 18,597,236. IREN has a 12 month low of $5.13 and a 12 month high of $21.54. The business's 50 day simple moving average is $14.38 and its two-hundred day simple moving average is $10.32.

Read Our Latest Research Report on IREN

TeraWulf (WULF)

Shares of NASDAQ:WULF traded up $0.50 on Monday, hitting $5.53. 34,837,896 shares of the company's stock were exchanged, compared to its average volume of 42,754,105. TeraWulf has a 12 month low of $2.06 and a 12 month high of $9.30. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -15.84 and a beta of 3.17. The business's 50 day simple moving average is $4.64 and its two-hundred day simple moving average is $3.93. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.90 and a quick ratio of 1.90.

Read Our Latest Research Report on WULF

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.

Shares of NASDAQ:CLSK traded down $0.06 on Monday, hitting $10.01. 16,568,669 shares of the company's stock were exchanged, compared to its average volume of 25,468,869. Cleanspark has a 12 month low of $6.45 and a 12 month high of $17.97. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 11.78 and a beta of 3.72. The business's 50 day simple moving average is $10.95 and its two-hundred day simple moving average is $9.54.

Read Our Latest Research Report on CLSK

Core Scientific (CORZ)

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

Shares of NASDAQ:CORZ traded up $0.21 on Monday, hitting $14.62. 10,094,805 shares of the company's stock were exchanged, compared to its average volume of 16,245,262. The business's 50 day simple moving average is $13.56 and its two-hundred day simple moving average is $10.94. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -26.08 and a beta of 6.60. Core Scientific has a 12 month low of $6.20 and a 12 month high of $18.63.

Read Our Latest Research Report on CORZ

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.

Shares of RIOT stock traded up $0.29 on Monday, hitting $11.37. The stock had a trading volume of 10,741,598 shares, compared to its average volume of 33,292,969. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.18. The business has a 50 day moving average price of $11.50 and a 200 day moving average price of $9.74. The company has a market cap of $4.20 billion, a PE ratio of -26.49 and a beta of 4.61. Riot Platforms has a one year low of $6.19 and a one year high of $15.87.

Read Our Latest Research Report on RIOT

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.

BTBT traded up $0.13 on Monday, hitting $3.12. The company had a trading volume of 26,186,320 shares, compared to its average volume of 24,387,500. The stock has a fifty day moving average price of $2.89 and a 200-day moving average price of $2.57. Bit Digital has a 12-month low of $1.69 and a 12-month high of $5.74. The stock has a market capitalization of $996.69 million, a price-to-earnings ratio of -6.65 and a beta of 4.90.

Read Our Latest Research Report on BTBT

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