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Promising Cryptocurrency Stocks To Watch Today - March 12th

Bitfarms logo with Business Services background
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Key Points

  • Bitfarms (BITF), Galaxy Digital (GLXY), and HIVE Digital (HIVE) are the three cryptocurrency stocks MarketBeat highlights today, selected for having the highest recent dollar trading volume among crypto-related equities.
  • Business exposure differs: Bitfarms and HIVE are primarily cryptocurrency miners operating across multiple countries, while Galaxy Digital is a diversified digital-asset financial services and investment management firm with trading, asset management, mining, and investment banking segments.
  • Investor takeaway: Crypto stocks offer indirect exposure to token prices but remain subject to company-specific performance, regulation, and traditional market risks that can cause equity returns to diverge from cryptocurrency spot moves.
  • Five stocks to consider instead of Bitfarms.

Bitfarms, Galaxy Digital, and HIVE Digital Technologies are the three Cryptocurrency stocks to watch today, according to MarketBeat's stock screener tool. Cryptocurrency stocks are shares of publicly traded companies whose core businesses or balance sheets are materially tied to digital assets—examples include crypto miners, exchanges, wallet and blockchain technology firms, or companies that hold significant cryptocurrency reserves. For stock market investors, these stocks provide indirect exposure to crypto markets through equity ownership, with risks and returns that can correlate with token prices but are also affected by corporate performance, regulation, and traditional market factors. 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

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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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