Bitcoin Stocks To Keep An Eye On – February 09th

iShares Bitcoin Trust, CleanSpark, MARA, Riot Platforms, 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 have exposure to or a direct involvement in the cryptocurrency industry, particularly Bitcoin. Investors can buy shares of these companies on traditional stock exchanges to gain exposure to the potential growth and volatility of the cryptocurrency market without directly owning Bitcoin 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.

NASDAQ:IBIT traded down $0.65 during trading hours on Friday, hitting $54.47. 40,841,193 shares of the stock were exchanged, compared to its average volume of 47,199,074. The company’s 50 day moving average is $56.35 and its two-hundred day moving average is $44.86. iShares Bitcoin Trust has a twelve month low of $25.64 and a twelve month high of $61.75.

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.

Shares of CLSK stock traded up $0.95 on Friday, reaching $11.33. 57,494,342 shares of the stock were exchanged, compared to its average volume of 21,496,218. CleanSpark has a one year low of $8.04 and a one year high of $24.72. The stock has a market cap of $3.18 billion, a PE ratio of 103.01 and a beta of 4.24. The stock has a 50 day moving average price of $11.27 and a 200 day moving average price of $11.59.

MARA (MARA)

MARA stock traded down $0.03 during midday trading on Friday, reaching $16.77. The stock had a trading volume of 33,896,747 shares, compared to its average volume of 35,322,888. The company has a quick ratio of 4.00, a current ratio of 4.00 and a debt-to-equity ratio of 0.22. MARA has a twelve month low of $13.16 and a twelve month high of $34.09. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 21.23 and a beta of 5.76. The business has a fifty day simple moving average of $20.04 and a two-hundred day simple moving average of $18.77.

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 NASDAQ:RIOT traded up $0.03 during trading on Friday, hitting $11.64. 34,927,595 shares of the company’s stock were exchanged, compared to its average volume of 33,925,144. The firm has a market cap of $4.00 billion, a P/E ratio of 27.07 and a beta of 4.23. The firm has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $10.17. Riot Platforms has a 1-year low of $6.36 and a 1-year high of $18.36.

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 stock traded up $0.88 during midday trading on Friday, reaching $12.47. The company’s stock had a trading volume of 18,034,682 shares, compared to its average volume of 16,815,508. The business’s 50-day simple moving average is $11.75 and its 200-day simple moving average is $9.88. Iris Energy has a 52 week low of $4.15 and a 52 week high of $15.92.

TeraWulf (WULF)

Shares of WULF stock traded down $0.12 during trading hours on Friday, reaching $5.03. The company had a trading volume of 38,075,873 shares, compared to its average volume of 47,135,196. TeraWulf has a 1-year low of $1.57 and a 1-year high of $9.30. The company has a 50 day moving average of $6.15 and a 200 day moving average of $5.52.

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.

Shares of Core Scientific stock traded up $0.03 during trading on Friday, reaching $12.56. 7,547,695 shares of the company were exchanged, compared to its average volume of 12,171,637. The business has a 50-day moving average price of $14.50 and a 200-day moving average price of $13.07. Core Scientific has a twelve month low of $2.61 and a twelve month high of $18.63.