Positive developments in cryptocurrency space fuel growth for COIN, HOOD, HUT, IREN, and MARA
From Nasdaq
June 26, 2025 08:09 AM:
Cryptocurrency space regains momentum after volatility earlier this year, following President Trump’s election victory. Positive developments in May saw Bitcoin reach all-time high. Recent uptrend attributed to various factors including a ceasefire announcement between Iran and Israel and potential rate cuts. Five key crypto stocks to watch include COIN, HOOD, HUT, IREN, and MARA.
COIN, Coinbase Global, benefits from growth in crypto assets and transaction volumes. Strong financial position boosts confidence. User-friendly platform with partnerships like Stripe enhances global adoption of crypto. Expected revenue and earnings growth rates of 5.9% and -61.1%, respectively.
HOOD, Robinhood Markets, offers a platform for investments in stocks, ETFs, options, and cryptocurrencies. Expected revenue and earnings growth rates of 22.3% and 12.8%, respectively. Trading revenues set to improve with higher retail participation. Vertical integration and liquidity position support growth.
HUT, Hut 8 Corp., focuses on data centers for digital assets mining. Merged with US Bitcoin Corp. for increased hash rate. Expected revenue and earnings growth rates of 32.9% and >-100%, respectively. Strong position in mining operations.
IREN, IREN Ltd., a Bitcoin mining company, focuses on renewable energy for operations. Expected revenue and earnings growth rates of >100% for the current year. Strong emphasis on sustainability and efficiency.
MARA, Marathon Digital Holdings, gains attention with Trump’s victory. Strategic expansion and efficient operations contribute to growth. Expected revenue and earnings growth rates of 34.7% and >-100%, respectively. Holding significant bitcoins for long-term potential.
Read more at Nasdaq: 5 Crypto-Centric Stocks in Focus on Recent Positive Developments