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Bitcoin Stocks To Watch Now - August 30th

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Key Points

  • Five notable Bitcoin stocks to monitor include IREN, Marathon Digital, Cipher Mining, Riot Platforms, and TeraWulf, based on recent high trading volumes.
  • Bitcoin stocks allow investors to gain indirect exposure to bitcoin price fluctuations while also experiencing company-specific risks.
  • Riot Platforms is involved in bitcoin mining and offers additional services like data center hosting and engineering for institutional mining companies.
  • Want stock alerts on IREN? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

IREN, Marathon Digital, Cipher Mining, Riot Platforms, and TeraWulf are the five Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. Bitcoin stocks are shares of publicly traded companies whose core businesses involve bitcoin—whether through mining operations, holding substantial bitcoin reserves on their balance sheets, or operating cryptocurrency trading platforms. By buying these equities, investors gain indirect exposure to bitcoin’s price movements via the traditional stock market, while also taking on company-specific and broader equity market risks that don’t apply when holding 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

Marathon Digital (MARA)

Read Our Latest Research Report on MARA

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

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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.

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