Top Bitcoin Stocks to Watch: Marathon Digital, IREN, and Cleanspark
Discover the top Bitcoin stocks like Marathon Digital, IREN, and Cleanspark, offering indirect exposure to Bitcoin's price in a regulated stock market.
In the ever-evolving world of cryptocurrency investments, Bitcoin stocks have emerged as a compelling option for investors seeking exposure to digital currency markets without directly purchasing Bitcoin. MarketBeat's stock screener tool highlights three Bitcoin stocks to watch today: Marathon Digital, IREN, and Cleanspark. These companies are at the forefront of the Bitcoin industry, offering a unique opportunity for investors.
Bitcoin stocks refer to shares of publicly traded companies whose core business involves Bitcoin. This could be through mining operations, holding Bitcoin on their balance sheets, or providing services like exchanges and wallets. Investing in these equities allows investors to gain indirect exposure to Bitcoin's price movements within a regulated stock market framework. However, it's essential to note that these stocks also carry company-specific risks beyond Bitcoin's inherent volatility.
Marathon Digital Holdings, Inc. (NASDAQ: MARA) is a prominent player in the Bitcoin mining sector. On a recent trading day, Marathon Digital's shares traded down by $0.17, reaching $14.32. The company saw a trading volume of 49,423,615 shares, surpassing its average volume of 45,179,556. Marathon Digital has a market capitalization of $5.04 billion, with a 12-month low of $9.81 and a high of $30.28. Despite a recent dip, the company's innovative approach continues to attract investor attention.
Iris Energy Limited (NASDAQ: IREN) is another notable Bitcoin stock. Headquartered in Sydney, Australia, and incorporated in 2018, IREN focuses on operating Bitcoin mining data centers. During the latest trading session, shares of IREN rose by $0.67, reaching $10.47, with a trading volume of 31,892,790 shares, more than double its average volume. The firm's 12-month performance ranges from a low of $5.13 to a high of $15.92, reflecting the dynamic nature of the market.
CleanSpark, Inc. (NASDAQ: CLSK) is a Bitcoin mining company operating primarily in the Americas. CleanSpark is known for its low-carbon power data centers, emphasizing sustainability in cryptocurrency mining. Recently, its shares traded down by $0.18, settling at $9.00, with a trading volume of 36,187,960 shares. The company's market capitalization stands at $2.53 billion, with a 12-month low of $6.45 and a high of $20.49, highlighting potential growth opportunities.
These Bitcoin stocks, Marathon Digital, IREN, and Cleanspark, provide investors with diverse options for gaining exposure to the cryptocurrency market. As Bitcoin continues to influence global financial landscapes, these companies represent strategic investments within the regulated environment of stock markets. However, investors should consider both the opportunities and risks associated with these Bitcoin stocks as they make informed decisions.