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Cryptocurrency Stocks To Keep An Eye On - May 9th

Galaxy Digital logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat identified five cryptocurrency-related stocks to watch on May 9 based on recent high dollar trading volume: Galaxy Digital, Bitfarms, Digi Power X, Soluna, and HIVE Digital Technologies.
  • Galaxy Digital (GLXY) stands out as a diversified digital-asset firm with operations across trading, principal investment, asset management, investment banking, mining, and other corporate activities.
  • The other names are mostly crypto miners and infrastructure plays, including Bitfarms, Digi Power X, Soluna, and HIVE Digital Technologies, each tied to blockchain or cryptocurrency mining in North America and beyond.
  • Five stocks to consider instead of Galaxy Digital.

Galaxy Digital, Bitfarms, Digi Power X, Soluna, and HIVE Digital Technologies are the five Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose business is closely tied to digital assets, blockchain technology, or crypto-related services. For stock market investors, these stocks offer a way to gain exposure to the cryptocurrency sector without directly buying coins like Bitcoin or Ethereum. 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

Digi Power X (DGXX)

Digihost Technology Inc. operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.

Read Our Latest Research Report on DGXX

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

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

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