From Nasdaq: 2024-04-23 09:30:16

Bitdeer Technologies (NASDAQ: BTDR) offers competitive share prices with a low breakeven point for Bitcoin mining. The company reported robust fourth-quarter revenues last year with a substantial increase in self-mining revenues and positive earnings per share. Strategic moves to enhance profitability position BTDR as a strong player in the Bitcoin mining industry.

Marathon Digital (NASDAQ: MARA) is a key player in Bitcoin mining with plans for expansion and growth. Despite CEO Fred Thiel’s belief that the halving event was priced in, recent price movements and strong ETF inflows suggest otherwise. MARA briefly broke the $60,000 support level but rebounded strongly post-halving, indicating ongoing potential for growth.

MicroStrategy (NASDAQ: MSTR) holds a significant amount of Bitcoin, boosting its stock value due to the cryptocurrency’s rally. With over 214,000 bitcoins on its balance sheet, MSTR’s book value per share may inflate further as Bitcoin continues to rise. Financial maneuvers, like issuing convertible notes, aim to increase Bitcoin holdings and drive stock prices higher.

Coinbase (NASDAQ: COIN) is a strong play for investors looking to capitalize on the Bitcoin halving event and potential future spot Bitcoin ETFs in the U.S. Record transaction fees and overall trading volume are expected to boost COIN earnings in the coming quarters. Coinbase’s role as a key custodian of cryptocurrencies positions it as a hot stock to watch.

Greenidge Generation (NASDAQ: GREE) operates as a vertically integrated cryptocurrency datacenter and power generation company with a focus on mining using greener technologies. Despite recent stock value drops, GREE’s expansion in low-cost power territories enhances its infrastructure, offering potential for growth. Volatility will likely increase, making GREE a stock to watch post-halving.

Nvidia (NASDAQ: NVDA) is a leading player in high-performance GPUs and a strong influence in blockchain and crypto sectors. Widely used in cryptocurrency mining, Nvidia’s GPUs impact the dynamics of AI crypto tokens like Fetch.ai. With a rich valuation but optimistic forward P/E ratio, NVDA presents an interesting opportunity for investors looking to capitalize on the halving event.

Riot Platforms (NASDAQ: RIOT) is a leader in Bitcoin mining, significantly increasing mining power and reducing mining costs to nearly zero. Strategic power management and credit arrangements with energy companies give RIOT a competitive edge in the industry. RIOT’s success positions it well for continued growth and success as a key player in Bitcoin mining.

Read more at Nasdaq: 7 Stocks to Buy Right After the April Bitcoin Halving