The Best Crypto Mining Stocks to Watch Right Now
December 4, 10:04 am
With Bitcoin soaring to new highs, crypto mining stocks have become some of the hottest investments on the market. Of the 13 crypto mining stocks AltIndex monitors, 10 have seen their stock prices rise by over 50% in just the last three months. But which companies have the potential to continue this momentum? Here are three crypto mining stocks that are worth a closer look.
Crypto Mining: A Different Kind of Investment
Before diving into the stocks, it’s essential to understand that financial fundamentals are often less relevant in the crypto mining sector. Companies like Terawulf reported a net income of -$22.7M last quarter, while Marathon Digital and Riot Blockchain posted even steeper losses of -$124.79M and -$154M, respectively. These investments are risky, and stock performance tends to mirror Bitcoin’s price movements and investor sentiment rather than traditional financial metrics.
That’s why alternative data insights, such as social media activity, search trends, and sentiment analysis, are invaluable tools for predicting which stocks may shine.
1. Marathon Digital
- Current Price: $24.8
- 3-Month Gain: +80%
- Sentiment Score: 87/100
Marathon Digital (MARA) is a favorite among retail investors and frequently compared to other crypto-heavyweights like MicroStrategy (MSTR). Reddit buzz surrounding MARA averages 50 mentions per day, reflecting significant investor enthusiasm.
The company recently announced a $700M convertible note offering to acquire Bitcoin and repurchase existing notes, a move that aligns it closely with Bitcoin's trajectory. With a strong social media presence and bullish sentiment, Marathon Digital could soar further if Bitcoin continues to climb.
2. Riot Blockchain
- Current Price: $12.1
- 3-Month Gain: +78%
- Job postings: 66 (+236% YoY)
Riot Blockchain (RIOT) is one of the best-known names in crypto mining, boasting 47,000 Twitter followers and over 10,000 YouTube subscribers. Popularity matters in the world of hype stocks, and Riot is a clear leader in this area.
While its Q3 revenue rose 21% to $85M, operational expenses pushed net income into the red at -$154M. On a more positive note, Riot has shown tremendous growth in job postings, with 236% more open positions than a year ago—indicating plans for expansion.
With its visibility and growth initiatives, Riot Blockchain remains a strong contender for investors seeking exposure to the crypto mining space.
3. Terawulf
- Current Price: $7.3
- 3-Month Gain: +300%
- AI Score: 68
Terawulf (WULF) has been one of the best-performing crypto stocks this year, with an astonishing 300% rise in its stock price since March. Alternative data insights show that Terawulf has gained 19% more Instagram followers, 13% more Twitter followers, and 12% more YouTube subscribers in the last three months alone. These indicators suggest growing popularity and investor interest.
CEO Paul Prager's stock purchases signal confidence in the company’s long-term prospects - a stark contrast to the insider selling seen at many of its peers. With bullish sentiment across stock forums and increasing revenue, AltIndex’s algorithms maintain a strong buy signal for WULF.
Key Takeaways
While traditional financials may not paint a rosy picture for crypto mining companies, their performance is closely tied to Bitcoin’s trajectory and investor enthusiasm. Stocks like Marathon Digital, Riot Blockchain, and Terawulf are thriving in this hype-driven environment, making them high-risk but potentially high-reward investments. Investors are encouraged to keep an eye on these hype metrics to find winners in the crypto mining industry.
How AltIndex Can Help You Invest Smarter
At AltIndex, we use cutting-edge alternative data to track sentiment, social media trends, and other metrics that matter most for stocks in speculative sectors like crypto mining. Our AI-generated insights empower retail investors to make informed decisions in volatile markets. Whether you’re considering a high-flyer like Terawulf or another crypto stock, AltIndex provides the tools you need to navigate the complexities of the stock market.
To stay updated on the best crypto stocks, visit our Best Crypto & Bitcoin mining Stocks.
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