Best Bitcoin Stocks To Research – February 04th

iShares Bitcoin Trust, MARA, Riot Platforms, CleanSpark, Iris Energy, TeraWulf, and Core Scientific are the seven Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks refer to publicly traded companies that are either involved in the cryptocurrency industry or have exposure to bitcoin through investments or other means. Investors can buy shares of these companies in traditional stock exchanges to gain exposure to the potential growth of the bitcoin market without directly owning the digital currency itself. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

iShares Bitcoin Trust (IBIT)

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.

iShares Bitcoin Trust stock traded down $1.13 during mid-day trading on Tuesday, hitting $56.45. 21,238,672 shares of the company’s stock were exchanged, compared to its average volume of 48,032,543. iShares Bitcoin Trust has a fifty-two week low of $24.13 and a fifty-two week high of $61.75. The company’s 50 day simple moving average is $56.19 and its 200-day simple moving average is $44.27.

MARA (MARA)

Shares of MARA traded down $0.33 during midday trading on Tuesday, reaching $17.63. The stock had a trading volume of 10,737,226 shares, compared to its average volume of 38,010,785. The firm has a 50 day simple moving average of $20.80 and a 200-day simple moving average of $18.90. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm has a market cap of $5.98 billion, a PE ratio of 22.29 and a beta of 5.76. MARA has a one year low of $13.16 and a one year high of $34.09.

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.

RIOT stock traded up $0.03 during midday trading on Tuesday, reaching $12.02. The company had a trading volume of 8,963,327 shares, compared to its average volume of 34,563,570. Riot Platforms has a 1-year low of $6.36 and a 1-year high of $18.36. The stock has a 50 day moving average price of $12.08 and a 200-day moving average price of $10.16. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 27.84 and a beta of 4.23.

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 up $0.12 during trading on Tuesday, reaching $10.71. 7,121,325 shares of the company’s stock were exchanged, compared to its average volume of 22,969,072. The stock has a market capitalization of $3.01 billion, a PE ratio of -18.45 and a beta of 4.25. The firm has a fifty day moving average price of $11.60 and a two-hundred day moving average price of $11.75. CleanSpark has a one year low of $7.64 and a one year high of $24.72.

Iris Energy (IREN)

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

IREN traded down $0.15 during trading on Tuesday, hitting $10.53. The company’s stock had a trading volume of 6,627,477 shares, compared to its average volume of 16,972,645. The stock’s fifty day moving average price is $11.79 and its 200-day moving average price is $9.87. Iris Energy has a twelve month low of $3.56 and a twelve month high of $15.92.

TeraWulf (WULF)

Shares of NASDAQ:WULF traded down $0.11 during mid-day trading on Tuesday, hitting $4.90. 12,326,907 shares of the company traded hands, compared to its average volume of 46,537,023. TeraWulf has a 12-month low of $1.55 and a 12-month high of $9.30. The stock has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $5.54.

Core Scientific (CORZ)

Core Scientific, Inc. provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

CORZ traded down $0.39 during trading hours on Tuesday, hitting $11.94. The stock had a trading volume of 3,963,695 shares, compared to its average volume of 12,408,637. Core Scientific has a 1 year low of $2.61 and a 1 year high of $18.63. The stock has a market cap of $3.34 billion and a PE ratio of -2.20. The company’s fifty day simple moving average is $15.03 and its 200 day simple moving average is $13.04.