Bitcoin enthusiasts and investors may be interested in following certain stocks that are closely tied to the cryptocurrency. MarketBeat, a financial data platform, has identified five such stocks to watch today.
The companies on this list include IREN Limited, formerly known as Iris Energy Limited, which owns and operates bitcoin mining data centers; Marathon Digital Holdings, Inc., a leading Bitcoin miner with operations in North America; TeraWulf, a company that provides co-location services for institutional-scale Bitcoin miners; Cipher Mining, a leading provider of computing capacity to Bitcoin miners; and Riot Platforms, Inc., which operates as a Bitcoin mining company in North America.
These companies offer indirect exposure to Bitcoin's price but carry company-specific risks. They do not track the spot price of Bitcoin exactly due to operational, regulatory, and other factors.