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Bitcoin Stocks To Keep An Eye On - October 5th

IREN logo with Finance background

Key Points

  • Three notable Bitcoin stocks to watch are IREN, Marathon Digital, and Cipher Mining, which have recently seen the highest dollar trading volume among Bitcoin-related companies.
  • IREN Limited, formerly Iris Energy, is a bitcoin mining company that has experienced a remarkable 186% increase year-to-date due to a pivot towards AI.
  • Investing in these stocks allows investors to gain indirect exposure to Bitcoin's price movements and the broader cryptocurrency ecosystem without directly purchasing Bitcoin.
  • Interested in IREN? Here are five stocks we like better.

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 are closely tied to Bitcoin—whether through mining operations, holding large Bitcoin reserves on their balance sheets, or providing related infrastructure and services. By buying these equities, investors gain indirect exposure to Bitcoin’s price movements and the broader cryptocurrency ecosystem without having to purchase the digital tokens themselves. 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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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

7 Energy Stocks to Buy and Hold Forever Cover

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