Following were the most active stock buzzers in the bitcooin sector on Friday. Keep an eye on these stocks this week.
Nano-Cap Stocks Watchlist
Graystone Company (OTCMKTS:GYST) GYST entered the bitcoin mining industry with a bang. Starting its mining operations on September 15th of last year, the company has already reported $176,926 in revenues. Now is the time to research this company because its new mining rigs are set to begin operating at the end of this month. The 41 energy-efficient S19j Pro miners will add 4,100 TH/s to its 2,100 TH/s already in operation. With a stated goal to reach 1,000 PH/s by 2024, GYST is on pace to reach this computational power level well before the deadline. Traders should put GYST squarely on their radar.
Cipher Mining Inc. (NASDAQ:CIFR) stock has been witnessing consistent sell-off following a big jump last year. The stock has corrected 40% so far this year. Moreover, the stock has already fallen 73% in the past year. The company became a publicly listed company on Nasdaq, effective August 30, 2021, raising net proceeds of $391 million.
BIT Mining Limited (NYSE:BTCM) stock is quite popular amongst traders. The stock has been witnessing selling pressure at a higher level and has fallen 53% in the past month. Earlier this month, the company announced its progress in the construction and buildout of its Ohio mining site in North America. In collaboration with its partner, the Company has achieved approximately 50 megawatts (“MW”) of power capacity at the Ohio mining site.
Bitfarms Ltd. (NASDAQ:BITF) is another active stock in the Bitcoin mining sector. The stock ended higher by 8.24% in the previous session at $3.35 with more than 6.02 million shares, compared to its average volume of 8.37 million shares. The stock has lost 37% in the past 3-month. The company holds Over 4,300 Bitcoins in Treasury as of January 10, 2022
Bit Digital, Inc. (NASDAQ:BTBT) stock has been showing high volatility on unusual volume. The stock has eroded most of its recent gains due to a broader sell-off in the sector. The stock has lost 64% in the past 3-month. On Friday, BTBT stock went up 2.70% to $3.62 with more than 3.79 million shares, compared to its average volume of 3.62 million shares. The stock is trading above 88% from its 52-week low and 3% away from its 52-week high.
Canaan Inc. (OTCMKTS:CAN) stock has pulled back sharply over the past month after a monster rally in 2021. The stock has lost 27% so far this year. Moreover, the stock is still down 18% in the past year. The stock is trading above 90% from its 52-week low and 2% away from its 52-week high. Canaan Inc. engages in the research, design, and sale of integrated circuit (IC) final system products by integrating IC products for bitcoin mining and related components primarily in the People’s Republic of China.
