Bitcoin Stocks To Follow Now – November 7th

IREN, TeraWulf, Riot Platforms, Cipher Mining, and BitMine Immersion Technologies are the five Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. “Bitcoin stocks” refers to publicly traded shares of companies whose business or finances are significantly tied to Bitcoin, such as mining firms, crypto platforms, or companies that hold Bitcoin. They can give investors indirect exposure to Bitcoin’s price movements, but their share prices are also affected by company performance and other market factors. These companies had the highest dollar trading volume of any Bitcoin stocks within the last several days.

IREN (IREN)

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

Shares of NASDAQ:IREN traded up $3.61 during mid-day trading on Friday, hitting $21.64. The stock had a trading volume of 112,473,833 shares, compared to its average volume of 56,795,948. The company’s 50 day moving average is $35.87 and its 200-day moving average is $43.60. IREN has a 12-month low of $17.16 and a 12-month high of $70.71. The company has a debt-to-equity ratio of 1.80, a quick ratio of 3.55 and a current ratio of 3.55. The company has a market cap of $8.53 billion, a PE ratio of -5.30 and a beta of 4.33.

TeraWulf (WULF)

NASDAQ:WULF traded up $1.29 during trading hours on Friday, hitting $11.37. 105,729,831 shares of the stock traded hands, compared to its average volume of 43,683,340. The firm has a 50 day moving average price of $14.21 and a 200 day moving average price of $17.95. The firm has a market cap of $5.67 billion, a price-to-earnings ratio of -2.60 and a beta of 4.00. TeraWulf has a fifty-two week low of $9.51 and a fifty-two week high of $29.84. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 27.25.

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 Riot Platforms stock traded up $1.95 during midday trading on Friday, hitting $16.71. The company’s stock had a trading volume of 44,990,345 shares, compared to its average volume of 18,422,006. The firm has a market capitalization of $6.27 billion, a P/E ratio of -4.04 and a beta of 3.91. The stock has a 50-day simple moving average of $18.17 and a 200-day simple moving average of $19.31. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.27. Riot Platforms has a 1-year low of $11.50 and a 1-year high of $30.32.

Cipher Mining (CIFR)

Shares of CIFR stock traded up $1.00 on Friday, reaching $6.55. 81,661,526 shares of the company’s stock traded hands, compared to its average volume of 51,232,296. Cipher Mining has a 12-month low of $5.07 and a 12-month high of $30.14. The company has a debt-to-equity ratio of 9.69, a quick ratio of 3.00 and a current ratio of 3.00. The company has a market capitalization of $2.72 billion, a P/E ratio of -2.13 and a beta of 3.53. The business’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $17.47.

BitMine Immersion Technologies (BMNR)

BitMine Immersion Technologies Inc. focused on bitcoin mining using immersion technology. BitMine Immersion Technologies Inc. is based in ATLANTA, GA.

BitMine Immersion Technologies stock traded down $0.19 during mid-day trading on Friday, hitting $18.81. The company’s stock had a trading volume of 23,561,291 shares, compared to its average volume of 30,753,392. The firm’s 50 day moving average is $24.00 and its 200 day moving average is $20.77. The company has a market cap of $11.35 billion, a PE ratio of 376.28 and a beta of 1.80. BitMine Immersion Technologies has a 52-week low of $12.80 and a 52-week high of $43.77.