Zacks Thematic Screens permits you to dive into 30 dynamic funding themes shaping the longer term. Whether or not you are fascinated about cutting-edge know-how, renewable vitality, or healthcare improvements, our themes allow you to put money into concepts that matter to you.
For these fascinated about viewing the Thematic lists, please click on right here >>> Thematic Screens – Zacks Investment Research.
Let’s take a more in-depth take a look at the Cryptocurrency & Blockchain Expertise theme and analyze a number of shares that the display returned, resembling Riot Platforms RIOT and Marathon Digital MARA.
Cryptocurrency & Blockchain Expertise
Cryptocurrency is a safe digital forex working on decentralized blockchain networks, which document transactions transparently in a distributed ledger. This construction makes cryptocurrencies immune to authorities interference. Every “block” within the blockchain is chronologically linked, forming a safe “chain.”
Blockchain know-how has various purposes past cryptocurrencies, together with provide chain administration, healthcare, finance, and voting methods. Firms on this subject vary from these creating blockchain infrastructure to companies making use of the know-how, resembling crypto mining operations.
Marathon Digital
Marathon Digital is a publicly traded firm that mines Bitcoin and different cryptocurrencies whereas additionally supporting the blockchain ecosystem. The corporate is among the largest Bitcoin miners in North America and one of many largest holders of Bitcoin amongst publicly traded corporations.
Marathon Digital shares have been red-hot over the past three months, gaining practically 90% and extensively outperforming. The momentum right here is definitely uplifting for buyers, significantly contemplating that the inventory is down 40% over the past three years total.
Picture Supply: Zacks Funding Analysis
On the finish of 2024 Q3, Marathon Digital held 26,747 Bitcoin on its stability sheet, up sharply from 15,174 in the identical interval final yr. Particularly, the corporate mined 2,070 BTC and bought 6,210 BTC all through the interval.
Riot Platforms
Riot Blockchain develops, operates, and helps blockchain applied sciences, primarily specializing in Bitcoin mining and digital infrastructure. The corporate mines Bitcoin in its services in central Texas and Kentucky.
RIOT shares have been understandably scorching over the past three months, gaining greater than 90% and extensively outperforming like MARA.
Picture Supply: Zacks Funding Analysis
Riot Platforms’ newest set of quarterly outcomes have been met with positivity, with the corporate producing 1,104 BTC all through the interval. Riot Platforms exited the interval with 10,427 BTC, all of which have been produced by way of the corporate’s self-mining operations.
Backside Line
Zacks Thematic Screens permits you to dive into 30 dynamic funding themes shaping the longer term. Whether or not you are fascinated about cutting-edge know-how, renewable vitality, or healthcare improvements, our themes allow you to put money into concepts that matter to you.
Upon working the Zacks Cryptocurrency & Blockchain Expertise display, each shares above – Marathon Digital MARA and Riot Platforms RIOT – have been returned.
7 Greatest Shares for the Subsequent 30 Days
Simply launched: Specialists distill 7 elite shares from the present checklist of 220 Zacks Rank #1 Robust Buys. They deem these tickers “Most Probably for Early Worth Pops.”
Since 1988, the total checklist has overwhelmed the market greater than 2X over with a mean acquire of +24.1% per yr. So you should definitely give these hand picked 7 your fast consideration.
Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report
Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
