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Bitcoin Stocks Worth Watching - October 23rd

IREN logo with Finance background

Key Points

  • Seven Bitcoin stocks to watch include IREN, Marathon Digital, and Riot Platforms, which offer indirect exposure to Bitcoin through mining, holding, or service operations.
  • IREN Limited has seen a remarkable 186% YTD increase thanks to its pivot towards AI integration alongside Bitcoin mining operations.
  • CleanSpark differentiates itself by running its mining operations primarily on low-carbon power, emphasizing sustainability in its infrastructure.
  • Five stocks to consider instead of IREN.

IREN, Marathon Digital, Cipher Mining, Cleanspark, 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 that provide investors indirect exposure to bitcoin—for example, bitcoin miners, firms that hold BTC on their balance sheet, or businesses offering crypto exchanges, custody, or payment services. Their prices often correlate with bitcoin's market moves but also reflect company-specific risks (operational, regulatory, and management), so they are not the same as 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

Marathon Digital (MARA)

Read Our Latest Research Report on MARA

Cipher Mining (CIFR)

Read Our Latest Research Report on CIFR

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

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

Further Reading

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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