The crypto stocks drawing the most trading activity are Galaxy Digital, Bitfarms, HIVE Digital Technologies, Ionic Digital, Soluna, ZenaTech and Digi Power X, according to MarketBeat's stock screener tool. The seven names posted the highest dollar trading volume of any cryptocurrency stocks over the last several days, MarketBeat reported.
The list gives stock market investors a way to track indirect exposure to digital assets without buying cryptocurrencies directly. These are publicly traded shares in businesses with significant ties to cryptocurrencies or blockchain technology, a group that can include exchanges, miners, payment providers and firms that hold digital assets, according to MarketBeat.
Miners dominate the crypto stocks list
Most of the featured companies are cryptocurrency miners or infrastructure providers, giving the screen a heavy tilt toward the production side of the sector. The group spans digital asset financial services, mining, blockchain infrastructure, data center hosting and digital asset management, according to MarketBeat.
Bitfarms runs mining operations across four countries: Canada, the United States, Paraguay and Argentina. The company owns and operates server farms that primarily validate transactions on the Bitcoin blockchain, earning cryptocurrency from block rewards and transaction fees, and it also provides electrician services to commercial and residential customers in Quebec, Canada.
HIVE Digital Technologies operates as a cryptocurrency mining company in Canada, Sweden and Iceland, mining and selling digital currencies including Ethereum Classic, Bitcoin and other coins. The company also operates data centers and offers infrastructure solutions, and it was formerly known as HIVE Blockchain Technologies.
Ionic Digital is a digital infrastructure solutions and cryptocurrency mining company, according to MarketBeat. Soluna Holdings mines cryptocurrency through data centers and operates through two segments, Cryptocurrency Mining and Data Center Hosting, while also working in the blockchain business and developing modular data centers built for cryptocurrency mining.
Digi Power X rounds out the miner-heavy group. Digihost Technology operates as a blockchain technology company focused on digital currency mining in the United States, according to MarketBeat. Incorporated in 2017, the company is based in Toronto, Canada.
Galaxy Digital and ZenaTech stand apart
Galaxy Digital is the outlier on the financial services side. Galaxy Digital Holdings is a financial services and investment management company engaged in the digital asset, cryptocurrency and blockchain technology sectors, operating through Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate and Other segments, according to MarketBeat.
While most of the crypto stocks on the list are miners, Galaxy Digital's business reaches further into trading, investment banking, asset management and investment services, MarketBeat reported. The stock currently carries a Moderate Buy rating among analysts, according to MarketBeat.
ZenaTech is the other name that breaks from the mining mold, combining enterprise software and drone technology with cryptocurrency wallets. The enterprise software technology company develops cloud-based software applications in Canada, according to MarketBeat.
Beyond cryptocurrency wallets, ZenaTech provides cloud-based enterprise software for the agriculture and medical records industries, safety and compliance management software, field management software, integrated drone technology solutions and browser-based applications for public safety, according to MarketBeat.
Regulatory backdrop for crypto-linked equities
The screen arrives as regulators approved crypto platforms to continue offering interest-style rewards on certain digital assets, a decision that keeps fresh oxygen flowing into this corner of the market, Yahoo Finance reported. That backdrop keeps attention on businesses building the picks and shovels of digital finance, from blockchains to payment rails, according to Yahoo Finance.
Cipher Digital is one such infrastructure name tracked by Yahoo Finance. The company develops industrial-scale US data centers focused on bitcoin mining, an activity that generated US$191 million, while building high-performance compute hosting for hyperscalers, and it carries a market value of about US$3.7 billion, according to Yahoo Finance.
Yahoo Finance described Cipher Digital as one of the more pure-play infrastructure picks in its screener, while noting that its appeal hinges on how one large, long-dated financial commitment flows through to cash generation and margins. The question, according to Yahoo Finance, is whether contracted rent streams outrun power and build costs over time.
Cellebrite DI offers a different angle, building digital investigation software that helps agencies untangle cryptocurrency-related financial crimes through forensics and analytics platforms, Yahoo Finance reported. Internet software and services account for roughly US$514 million of the company's revenue, and its market value stands at about US$2.9 billion, sitting where digital evidence, blockchain activity and law enforcement needs converge, according to Yahoo Finance.
What the screen leaves out
The seven names are a starting point rather than a full map of the sector. A wider screen turned up 17 additional crypto and blockchain companies with equally compelling narratives that fall outside the starter set, according to Yahoo Finance.
MarketBeat noted that its alert was generated by narrative science technology and financial data from its own platform. The outlet also said it tracks Wall Street's top-rated research analysts and the stocks they recommend daily, and that top-rated analysts currently see five other stocks as better buys than Galaxy Digital despite its Moderate Buy rating.
For investors using the crypto stocks list as a screening tool, the common thread is trading activity rather than a fundamental verdict. The seven companies were flagged because they recorded the highest dollar trading volume among cryptocurrency stocks in recent days, according to MarketBeat.
Conclusion
MarketBeat's screener has identified seven cryptocurrency stocks, led by Galaxy Digital and Bitfarms, as the most actively traded names in the sector by dollar volume. The group is weighted toward miners and infrastructure providers, with Galaxy Digital and ZenaTech offering financial services and software exposure instead. Separately, Yahoo Finance's wider screen points to 17 additional crypto and blockchain companies beyond the starter set, giving investors a larger pool of names to research as the regulatory backdrop for digital asset rewards evolves.
Frequently Asked Questions
Which crypto stocks made MarketBeat's watchlist?
MarketBeat's stock screener named seven cryptocurrency stocks to watch: Galaxy Digital, Bitfarms, HIVE Digital Technologies, Ionic Digital, Soluna, ZenaTech and Digi Power X. The companies were selected because they recorded the highest dollar trading volume of any cryptocurrency stocks over the last several days, according to MarketBeat.
Why is Galaxy Digital different from the other stocks on the list?
Most of the featured companies are cryptocurrency miners or infrastructure providers, while Galaxy Digital is a financial services and investment management company. It operates through Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate and Other segments, and it currently holds a Moderate Buy rating among analysts, according to MarketBeat.
What does Bitfarms do and where does it operate?
Bitfarms mines cryptocurrency coins and tokens in Canada, the United States, Paraguay and Argentina. Its server farms primarily validate transactions on the Bitcoin blockchain, with revenue coming from block rewards and transaction fees. The company also runs an electrician services business for commercial and residential customers in Quebec, Canada, according to MarketBeat.
What is Cipher Digital's business and market value?
Cipher Digital develops industrial-scale US data centers focused on bitcoin mining, which generated US$191 million, while building high-performance compute hosting for hyperscalers. The firm has a market value of about US$3.7 billion, and Yahoo Finance reported its outlook hinges on whether contracted rent streams outrun power and build costs over time.
How does Cellebrite DI connect to the cryptocurrency sector?
Cellebrite DI builds digital investigation software that helps agencies untangle cryptocurrency-related financial crimes through forensics and analytics platforms. Internet software and services account for roughly US$514 million of the company's revenue, and its market value stands at about US$2.9 billion, sitting where digital evidence, blockchain activity and law enforcement needs converge, according to Yahoo Finance.