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Cryptocurrency Stocks To Follow Now - October 9th

Bitfarms logo with Business Services background

Key Points

  • Bitfarms, Galaxy Digital, and HIVE Digital Technologies are highlighted as the key cryptocurrency stocks to watch, benefiting from the recent high trading volumes and the weakening trust in the dollar.
  • Bitfarms primarily engages in Bitcoin mining across several countries, while Galaxy Digital provides a range of financial services in the cryptocurrency sector.
  • HIVE Digital Technologies operates data centers for mining cryptocurrencies like Ethereum Classic and Bitcoin, leveraging operations in Canada, Sweden, and Iceland.
  • MarketBeat previews the top five stocks to own by November 1st.

Bitfarms, Galaxy Digital, and HIVE Digital Technologies 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 models and revenues are substantially tied to digital assets and blockchain technology—such as crypto mining firms, exchange operators, or companies providing blockchain infrastructure and related services. By buying these equities, stock market investors gain indirect exposure to the growth and volatility of the cryptocurrency sector without holding digital tokens directly. These companies had the highest dollar trading volume of any Cryptocurrency stocks within the last several days.

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

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

HIVE Digital Technologies (HIVE)

HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd.

Read Our Latest Research Report on HIVE

Featured Stories

Should You Invest $1,000 in Bitfarms Right Now?

Before you consider Bitfarms, you'll want to hear this.

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While Bitfarms 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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