Cryptocurrency Stocks To Add to Your Watchlist - May 3rd

Key Points

• MarketBeat names Galaxy Digital (GLXY), Bitfarms (BITF) and Soluna (SLNH) as the cryptocurrency stocks to watch based on the highest recent dollar trading volume.
• These "cryptocurrency stocks" offer equity exposure to miners, exchanges, custody and blockchain firms without buying tokens, but they carry regular stock risks plus added crypto-specific volatility and regulatory uncertainty.
• Company snapshots: Galaxy Digital is a diversified digital-asset financial services and investment manager (trading, mining, asset management, investment banking); Bitfarms operates Bitcoin mining farms in Canada, the U.S., Paraguay and Argentina; and Soluna builds modular data centers and provides cryptocurrency mining and hosting.

Galaxy Digital, Bitfarms, and Soluna are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. "Cryptocurrency stocks" are shares of publicly traded companies whose business is directly tied to the digital-currency ecosystem—such as miners, exchanges, wallet and custody providers, blockchain infrastructure firms—or companies that hold significant cryptocurrency on their balance sheet. For stock market investors, these stocks offer a way to gain exposure to the crypto sector through equities rather than buying tokens, while still carrying typical stock risks plus additional crypto-specific volatility and regulatory uncertainty. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

Galaxy Digital (GLXY)

Galaxy Digital Holdings Ltd. is a financial services and an investment management company, which engages in the digital asset, cryptocurrency, and block chain technology sectors. It operates through the following segments: Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate & Other.

Read Our Latest Research Report on GLXY

Bitfarms (BITF)

Bitfarms Ltd. engages in the mining of cryptocurrency coins and tokens in Canada, the United States, Paraguay, and Argentina. It owns and operates server farms that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. The company also provides electrician services to commercial and residential customers in Quebec, Canada.

Read Our Latest Research Report on BITF

Soluna (SLNH)

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.

Read Our Latest Research Report on SLNH

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