Following were the most active stock buzzers in the Bitcoin sector on Friday. Keep an eye on these stocks this week.
Nano-Cap Stocks Watchlist
Marketing Worldwide Corp. (OTCMKTS:MWWC) is an interesting crypto play investors should radar immediately. The company is launching the first of its kind crypto mining software with a patent-pending feature known as: “Distributed Assets Crypto Mining Payouts” [D.A.C.M.P.]. Its software will democratize crypto-mining much like Robinhood did stock-trading.
MWWC profits will come from transaction fees, rentals, and commercial mining contracts. With crypto-mining generating $15 Billion in revenue last year, this type of niche innovation could grab a nice slice of the market. Make sure MWWC is on your watchlist.
BIT Mining Limited (NYSE:BTCM) stock has been witnessing consistent sell-off following a big jump last year. The stock has corrected 48% so far this year. Moreover, the stock has already fallen 73% in the past year. However, the stock bounced back on high volume after hitting a new low last week. The stock ended up by 8.16% to $3.18 on 331K shares traded hands, compared to its average volume of 615K shares.
Riot Blockchain Inc. (NASDAQ:RIOT) stock is quite popular amongst traders. The stock has been witnessing selling pressure at a higher level and has fallen 32% in the past month. The stock has been under pressure with broader sell-off in the crypto market. However, the stock closed higher by 8.44% to $15.94 with more than 10.07 million shares traded hands, below its average volume of 14.29 million shares. Riot Blockchain, Inc., together with its subsidiaries, focuses on cryptocurrency mining operation in North America.
Bitfarms Ltd. (NASDAQ:BITF) is another active stock in the Bitcoin mining sector. The stock ended higher by 9.25% in the previous session at $3.66 with more than 6.59 million shares, compared to its average volume of 8.40 million shares. The stock has lost 28% in the past 3-month. The stock is trading above 66% from its 52-week low and 60% away from its 52-week high. The company holds Over 4,300 Bitcoins in Treasury as of January 10, 2022. Furthermore, heightened regulatory scrutiny and intense price fluctuations have dampened bitcoin’s prospects lately.
Hut 8 Mining Corp. (NASDAQ:HUT) 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 56% in the past 3-month. On Monday, HUT stock went up 7.61% to $5.94 with more than 5.32 million shares, compared to its average volume of 8.80 million shares. The stock is trading above 88% from its 52-week low and 65% away from its 52-week high.
TeraWulf Inc. (NASDAQ:WULF) stock has pulled back sharply over the past month after a monster rally in 2021. The stock has lost 23% so far this year. However, the stock is still up 37% in the past year. The stock is trading above 63% from its 52-week low and 68% away from its 52-week high. TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States.
