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Cryptocurrency Stocks Worth Watching - October 30th

Bitfarms logo with Business Services background
Image from MarketBeat Media, LLC.

Key Points

  • MarketBeat identifies Bitfarms, Galaxy Digital, HIVE Digital Technologies, Digi Power X, and Soluna as the top cryptocurrency stocks to watch, driven by high trading volume.
  • These stocks give investors exposure to the cryptocurrency sector while also facing traditional stock market dynamics and regulatory risks that may affect their performance differently from actual crypto prices.
  • Each company engages in various aspects of cryptocurrency operations, including mining and blockchain technology, positioning them strategically within the evolving digital asset landscape.
  • Five stocks to consider instead of Bitfarms.

Bitfarms, Galaxy Digital, HIVE Digital Technologies, Digi Power X, and Soluna are the five Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose core business or balance sheet exposure is significantly tied to cryptocurrencies — for example miners, exchanges, wallet or blockchain service providers, or firms that hold crypto assets. For stock market investors, these equities provide a way to gain exposure to the crypto sector while remaining subject to corporate fundamentals, stock-market dynamics, and regulatory risks that can cause their performance to diverge from the price movements of the underlying digital currencies. 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

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

Featured Articles

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.

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