From Nasdaq: 2024-06-26 06:10:00

InvestorPlace highlights the focus on promising blockchain stocks for forward-thinking investors. Certain blockchain stocks show explosive potential post significant events like Bitcoin halving and ETF approval. Investing in these stocks offers exposure to the crypto market without direct cryptocurrency ownership risks.

Marathon Digital (MARA) reported record net income of $337.2 million in Q1 2024, marking a 184% increase from the previous year. Revenue was $165.2 million, driven by higher Bitcoin prices and increased production. The company produced 2,811 Bitcoins, up 28% year-over-year, with an energized hash rate of 27.8 EH/s.

Riot Blockchain (RIOT) achieved a net income of $211.8 million in Q1 2024, with revenue of $79.3 million. The company aims for a self-mining hash rate capacity of 31 EH/s by the end of 2024 and 41 EH/s by 2025. The Corsicana Facility is now the largest known Bitcoin mining facility.

Coinbase (COIN) reported a net income of $1.18 billion in Q1 2024, with a total revenue of $1.6 billion. The consumer transaction revenue doubled, while institutional transaction revenue grew by 133%. The company plans to expand internationally and enhance service offerings amidst strong market conditions.

Read more at Nasdaq: The 3 Smartest Blockchain Stocks to Buy With $6,000 Right Now