The U.S. dollar is down 10.7%, prompting investors to look for alternative investments like cryptocurrencies. BlackRock CEO Larry Fink predicts Bitcoin could surpass the dollar as the world’s reserve currency. Cryptocurrency-adjacent stocks, including mining companies like Marathon Digital (MARA) and Cipher Mining Inc. (CIFR), are gaining momentum. MARA holds nearly 48,000 BTC and aims to scale up production by 40%. CIFR exceeded its mining capacity guidance, with analysts forecasting a 26% upside potential.

Marathon Digital (MARA) is a leading U.S. crypto mining firm, with a market value exceeding $6 billion. The company recently won 211 Bitcoin blocks in June, equating to over 5% of rewards. MARA plans to increase its hash rate by 40% and holds nearly 48,000 BTC. Analysts rate MARA stock a Buy, predicting over 21% upside potential.

Cipher Mining Inc. (CIFR) also focuses on Bitcoin mining and saw a 47% share price spike due to exceeding hash rate expectations. The company anticipates further hash rate boosts as new rigs come online. Analysts rate CIFR shares a Buy, with a forecasted 26% upside potential.

Hut 8 (HUT) has doubled in share price since April, with expansions in Dubai and energy infrastructure contributing to its success. Hut 8 recently secured energy contracts totaling 310 MW. Analysts unanimously rate HUT shares a Buy, with a projected 21% upside potential. Hut 8’s pivot to energy sales could prove lucrative amid rising demand and prices.

Read more at Nasdaq: Why Now Could Be the Smartest Time to Buy Crypto Stocks