Top Bitcoin Stocks To Consider – January 16th

IREN, Riot Platforms, and Cipher Mining are the three Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. “Bitcoin stocks” refers to shares of publicly traded companies whose businesses or balance sheets are closely tied to Bitcoin — for example, miners, crypto exchanges and custodians, payment firms that facilitate Bitcoin transactions, or companies that hold sizeable BTC reserves. For stock market investors these shares provide an indirect or proxy exposure to Bitcoin’s price movements and the crypto industry’s fortunes, while also carrying company-specific operational, regulatory, and market risks distinct from holding Bitcoin directly. 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.

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.

Cipher Mining (CIFR)