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Promising Cryptocurrency Stocks To Keep An Eye On - March 28th

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

Key Points

  • Galaxy Digital, Bitfarms and HIVE Digital were flagged by MarketBeat's stock screener as the top cryptocurrency stocks to watch based on the highest recent dollar trading volume, offering a regulated-equity way to gain crypto exposure while remaining subject to both company fundamentals and broader crypto-market volatility.
  • Galaxy Digital (GLXY) is a diversified digital-asset financial services and investment management firm with businesses across trading, principal investment, asset management, investment banking and mining.
  • Bitfarms (BITF) and HIVE Digital (HIVE) are primarily cryptocurrency miners operating data centers in multiple countries (Bitfarms: Canada, U.S., Paraguay, Argentina; HIVE: Canada, Sweden, Iceland) that earn coins via block rewards and transaction fees.
  • MarketBeat previews the top five stocks to own by May 1st.

Galaxy Digital, Bitfarms, and HIVE Digital Technologies are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are publicly traded shares of companies whose business models, revenues, or valuations are closely tied to cryptocurrencies — for example, miners, exchanges, wallet and custody providers, blockchain developers, or firms holding significant crypto treasuries. For stock market investors they provide a regulated-equity way to gain exposure to the crypto sector, with returns and risks driven both by company fundamentals and by broader crypto-market volatility. 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

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

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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