Best Bitcoin Stocks To Keep An Eye On – May 8th

iShares Bitcoin Trust, MARA, CleanSpark, Riot Platforms, and Core Scientific are the five Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks are publicly traded shares of companies that mine, trade, custody or otherwise support Bitcoin—or that hold Bitcoin on their balance sheets. They offer investors an indirect way to gain exposure to Bitcoin’s price movements and the broader cryptocurrency ecosystem without having to buy or store the digital coins themselves. Like any equity, however, they also carry company-specific and regulatory risks in addition to Bitcoin-related volatility. 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.

Shares of iShares Bitcoin Trust stock traded up $2.63 during trading hours on Thursday, hitting $57.31. The company’s stock had a trading volume of 30,545,123 shares, compared to its average volume of 44,775,270. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The business has a fifty day moving average of $49.24 and a 200 day moving average of $51.52.

MARA (MARA)

Shares of MARA stock traded up $0.95 on Thursday, hitting $14.28. 27,018,323 shares of the company’s stock traded hands, compared to its average volume of 44,738,783. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average is $13.03 and its 200 day moving average is $17.30. MARA has a 52-week low of $9.81 and a 52-week high of $30.28. The stock has a market cap of $5.02 billion, a P/E ratio of 18.11 and a beta of 6.82.

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.

NASDAQ:CLSK traded up $0.73 during mid-day trading on Thursday, reaching $8.76. 17,147,235 shares of the stock were exchanged, compared to its average volume of 28,136,722. The business has a fifty day moving average price of $7.91 and a 200 day moving average price of $10.34. The firm has a market capitalization of $2.46 billion, a PE ratio of 79.83 and a beta of 4.36. CleanSpark has a 1-year low of $6.45 and a 1-year high of $20.64.

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.

NASDAQ:RIOT traded up $0.71 during mid-day trading on Thursday, reaching $8.55. The stock had a trading volume of 14,116,184 shares, compared to its average volume of 25,779,156. Riot Platforms has a fifty-two week low of $6.19 and a fifty-two week high of $15.87. The business’s 50 day moving average is $7.54 and its 200 day moving average is $10.25. The stock has a market cap of $2.99 billion, a P/E ratio of 19.87 and a beta of 4.74.

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.

NASDAQ:CORZ traded up $0.61 during mid-day trading on Thursday, hitting $9.51. 9,974,175 shares of the company’s stock traded hands, compared to its average volume of 12,918,771. Core Scientific has a 12 month low of $3.29 and a 12 month high of $18.63. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of -1.77 and a beta of 6.66. The firm has a 50 day moving average of $7.94 and a two-hundred day moving average of $12.14.