Bitcoin Stocks Worth Watching – May 13th

iShares Bitcoin Trust, MARA, CleanSpark, Riot Platforms, Hut 8, Iris Energy, and Gryphon Digital Mining are the seven Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks are shares of publicly traded companies whose core business or balance-sheet exposure is tied to bitcoin. This typically includes bitcoin mining firms, blockchain technology developers, or corporations that hold large amounts of bitcoin in their treasury. By buying these equities, investors gain indirect exposure to bitcoin’s price movements without having to purchase or store the cryptocurrency 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.

IBIT stock traded up $1.00 during trading on Tuesday, reaching $58.88. The stock had a trading volume of 17,072,495 shares, compared to its average volume of 44,703,047. The firm has a fifty day moving average price of $49.73 and a 200 day moving average price of $52.12. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75.

MARA (MARA)

Shares of NASDAQ:MARA traded up $0.05 during trading on Tuesday, reaching $16.00. 21,889,948 shares of the company’s stock traded hands, compared to its average volume of 44,929,560. The company has a 50 day moving average of $13.09 and a 200-day moving average of $17.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.00 and a quick ratio of 4.00. The stock has a market capitalization of $5.63 billion, a P/E ratio of 20.25 and a beta of 6.82. MARA has a 12 month low of $9.81 and a 12 month high of $30.28.

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 down $0.03 during trading hours on Tuesday, reaching $9.59. 16,804,747 shares of the company’s stock were exchanged, compared to its average volume of 28,268,150. The company has a market capitalization of $2.69 billion, a P/E ratio of 87.19 and a beta of 4.36. CleanSpark has a 12 month low of $6.45 and a 12 month high of $20.64. The business’s 50-day simple moving average is $7.98 and its two-hundred day simple moving average is $10.25.

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 $0.10 during midday trading on Tuesday, reaching $8.80. 12,187,927 shares of the company’s stock traded hands, compared to its average volume of 25,948,972. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 20.47 and a beta of 4.74. The company’s 50 day simple moving average is $7.53 and its 200 day simple moving average is $10.22. Riot Platforms has a 52 week low of $6.19 and a 52 week high of $15.87.

Hut 8 (HUT)

Hut 8 Corp., together with its subsidiaries, acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. It operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing Colocation and Cloud, and Other.

HUT stock traded up $0.50 during midday trading on Tuesday, reaching $16.02. The company’s stock had a trading volume of 4,469,048 shares, compared to its average volume of 5,591,016. Hut 8 has a 52 week low of $7.67 and a 52 week high of $31.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day simple moving average is $12.50 and its 200-day simple moving average is $18.97.

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.

NASDAQ:IREN traded up $0.29 during trading hours on Tuesday, hitting $7.80. The company’s stock had a trading volume of 8,525,834 shares, compared to its average volume of 15,960,486. The stock has a fifty day simple moving average of $6.43 and a 200-day simple moving average of $9.58. Iris Energy has a twelve month low of $4.65 and a twelve month high of $15.92.

Gryphon Digital Mining (GRYP)

Gryphon Digital Mining, Inc. operates as a bitcoin mining company in the United States. It operates mining computers and ESG-led mining. The company was founded in 2020 and is based in Las Vegas, Nevada.

Gryphon Digital Mining stock traded down $0.06 during trading on Tuesday, hitting $1.37. The stock had a trading volume of 43,826,532 shares, compared to its average volume of 2,402,019. The stock has a market cap of $94.66 million, a price-to-earnings ratio of -2.53 and a beta of 2.31. Gryphon Digital Mining has a 1 year low of $0.13 and a 1 year high of $2.93. The stock’s 50 day moving average is $0.24 and its two-hundred day moving average is $0.39.