Bitcoin Stocks To Add to Your Watchlist – May 3rd

by · The Cerbat Gem

IREN, BitMine Immersion Technologies, and Riot Platforms are the three Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks are shares of publicly traded companies whose business model or balance sheet gives investors exposure to Bitcoin—this includes miners, firms that hold significant Bitcoin reserves, and companies that provide Bitcoin-related services or infrastructure. They let stock market investors gain indirect exposure to Bitcoin without owning the cryptocurrency itself, but carry company-specific operational, regulatory and equity-market risks and therefore do not perfectly track Bitcoin’s price. 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.

Read Our Latest Research Report on IREN

BitMine Immersion Technologies (BMNR)

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

Read Our Latest Research Report on BMNR

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.

Read Our Latest Research Report on RIOT

Further Reading