Blockchain Stocks to Watch – March 9th

Today, five Blockchain stocks stand out for investors: Oracle, Bit Origin, Core Scientific, Riot Platforms, and Applied Digital. These stocks represent companies that are deeply involved in blockchain technology. Blockchain stocks are shares of firms that develop or utilize blockchain systems to improve their operations or create new solutions. By investing in these stocks, investors can gain exposure to the expanding world of digital ledger technology. Recently, these companies experienced the highest trading volumes among Blockchain stocks.

Oracle (ORCL)

Oracle Corporation provides a range of products and services to support enterprise technology needs globally. Their cloud offerings include numerous applications such as Oracle Fusion cloud ERP, performance management, supply chain and manufacturing management, and human capital management, along with healthcare and advertising solutions. During trading, Oracle shares rose by $4.95 to reach $155.89, with a trading volume of over 12 million shares. The company has a market cap of $436.01 billion and its shares have fluctuated between a low of $111.18 and a high of $198.31 over the past year.

Bit Origin (BTOG)

Bit Origin's stock saw an increase of $0.34 on Friday, bringing it to $0.62 with a trading volume of 620 million shares. The company has traded between a low of $0.16 and a high of $6.04 in the last year. With a healthy current and quick ratio of 2.68, Bit Origin also has a noteworthy debt-to-equity ratio of 3.61, indicating its financial positioning.

Core Scientific (CORZ)

Core Scientific, Inc. operates in the digital asset mining sector, providing services across North America through mining and hosting segments. It operates data centers and offers services for large bitcoin miners. The company is experiencing a momentary drop in stock price, trading down $0.07 to reach $7.78 during recent sessions, with significant trading volume of about 31 million shares. The stock holds a market cap of $2.29 billion.

Riot Platforms (RIOT)

Riot Platforms, Inc. is another prominent player in the bitcoin mining industry in North America. The stock increased by $0.26 to $8.37, with over 25 million shares traded. Its market cap stands at approximately $2.93 billion, with annual trading ranging from $6.36 to $15.87. Riot Platforms operates multiple segments including Bitcoin Mining and Data Center Hosting.

Applied Digital (APLD)

Applied Digital Corporation specializes in designing and operating data centers, providing critical infrastructure solutions for high-performance computing and cryptocurrency hosting. Shares rose by $0.26, landing at $7.26, with a trading volume reaching over 22 million. Applied Digital has a market cap of $1.62 billion, and its stock has engaged in fluctuation between $2.36 and $12.48 over the year.

Blockchain, Stocks, Investing