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Cryptocurrency Stocks To Watch Today - October 9th

Bitfarms logo with Technology background
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Key Points

  • Seven cryptocurrency-related stocks to watch are Bitfarms, Galaxy Digital, HIVE Digital Technologies, Ionic Digital, ZenaTech, Soluna, and Digi Power X, selected for their high recent dollar trading volume.
  • The companies provide varied exposure to the crypto sector, including cryptocurrency mining, digital-asset financial services, blockchain infrastructure, data-center hosting, and software solutions.
  • Most of the featured firms focus on mining or supporting digital-currency operations, while Galaxy Digital offers broader trading, investment banking, asset management, and principal-investment services.
  • Five stocks we like better than Bitfarms.

Bitfarms, Galaxy Digital, HIVE Digital Technologies, Ionic Digital, ZenaTech, Soluna, and Digi Power X are the seven Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose business activities are significantly connected to cryptocurrencies or blockchain technology. They may include crypto exchanges, mining companies, blockchain developers, or firms that hold digital assets, offering stock market investors indirect exposure to the crypto sector without directly owning cryptocurrency. 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

Ionic Digital (IOND)

Ionic Digital is a digital infrastructure solutions and cryptocurrency mining company. We began as a pure-play cryptocurrency mining company when we were formed in January 2024 to acquire all of the cryptocurrency mining assets of Celsius Mining. From our inception, our core objective has been to monetize our portfolio of powered digital infrastructure assets.

Read Our Latest Research Report on IOND

ZenaTech (ZENA)

ZenaTech, Inc., an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.

Read Our Latest Research Report on ZENA

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

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

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

Before you consider Bitfarms, 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 Bitfarms wasn't on the list.

While Bitfarms currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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