Promising Bitcoin Stocks To Watch Today - July 20th

Marathon Digital, Riot Platforms, IREN, Cleanspark, and BTCS are the five Bitcoin stocks to watch today, according to MarketBeat's stock screener tool. Bitcoin stocks are shares of publicly traded companies that derive significant business value from bitcoin—whether by mining the cryptocurrency, holding large bitcoin reserves on their balance sheets, or providing related services such as trading platforms and custody. By buying these equities, investors gain indirect exposure to bitcoin’s price movements without having to purchase or store the cryptocurrency itself. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

Marathon Digital (MARA)

Shares of MARA traded down $0.46 during mid-day trading on Friday, hitting $19.51. 41,305,648 shares of the company traded hands, compared to its average volume of 44,947,093. Marathon Digital has a 1-year low of $9.81 and a 1-year high of $30.28. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $6.87 billion, a PE ratio of -13.46 and a beta of 6.53. The business has a 50 day moving average of $16.19 and a 200 day moving average of $15.41.

Read Our Latest Research Report on MARA

Riot Platforms (RIOT)

Riot Platforms, Inc., together with its subsidiaries, operates as a bitcoin mining company in North America. The company operates through three segments: Bitcoin Mining, Data Center Hosting, and Engineering. It also provides co-location services for institutional-scale bitcoin mining companies; critical infrastructure and workforce for institutional-scale miners to deploy and operate their miners; operation of data centers; and maintenance/management of computing capacity.

Shares of NASDAQ:RIOT traded up $0.53 during midday trading on Friday, reaching $13.86. 54,782,294 shares of the company's stock traded hands, compared to its average volume of 28,884,907. The company has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $9.71. Riot Platforms has a 1 year low of $6.19 and a 1 year high of $15.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.23 and a current ratio of 3.23. The company has a market cap of $4.95 billion, a P/E ratio of -10.50 and a beta of 4.57.

Read Our Latest Research Report on RIOT

IREN (IREN)

Iris Energy Limited owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

Shares of IREN traded down $0.11 during midday trading on Friday, reaching $17.94. The company had a trading volume of 27,238,789 shares, compared to its average volume of 16,832,154. IREN has a 1-year low of $5.13 and a 1-year high of $18.86. The firm has a 50 day simple moving average of $11.75 and a 200-day simple moving average of $9.69.

Read Our Latest Research Report on IREN

Cleanspark (CLSK)

CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc.

CLSK traded down $0.20 during trading on Friday, hitting $12.78. 29,097,779 shares of the stock were exchanged, compared to its average volume of 27,742,330. The firm has a market capitalization of $3.59 billion, a P/E ratio of -13.31 and a beta of 4.23. Cleanspark has a 1-year low of $6.45 and a 1-year high of $19.04. The stock has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $9.48.

Read Our Latest Research Report on CLSK

BTCS (BTCS)

BTCS Inc. operates in blockchain technology sector the United States. Its blockchain-infrastructure secures and operates validator nodes on disruptive blockchain networks, as well as validates transactions for crypto holding delegations on dPoS blockchains. The company offers StakeSeeker, a cryptocurrency dashboard and staking-as-a-service platform that allows crypto asset holders to earn rewards by participating in network consensus mechanisms; and Builder+, a Ethereum block builder offered to maximize validator earnings by utilizing algorithms to construct optimized blocks for on-chain validation.

BTCS stock traded up $0.10 on Friday, reaching $6.57. 41,031,353 shares of the company's stock were exchanged, compared to its average volume of 2,590,271. The stock has a fifty day moving average of $2.97 and a 200-day moving average of $2.47. BTCS has a twelve month low of $0.95 and a twelve month high of $8.49. The firm has a market cap of $153.21 million, a PE ratio of -3.84 and a beta of 1.15.

Read Our Latest Research Report on BTCS

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