5 Bitcoin Mining Stocks To Radar Now: GYST, BITF, SDIG, BTCM, CIFR

As another trading day begins, it may be time for investors to look into certain stocks which may have gone under the radar a bit. Considering the sheer size of the stock market such things can happen. Here is a look at two stocks that you could consider tracking this morning.

The Graystone Company (OTCMKTS:GYST) has had arguably the best 2022 of any cryptocurrency stock.  The bitcoin mining company announced its January revenue last week, and it exceeded the company’s revenue for all of 2021!  You don’t see that very often, the company is also uplisting to the OTCQB this week, which means more investors will be able to purchase this company that looks primed for a breakout.  Do your research now on GYST.

Bitfarms (NASDAQ:BITF): The first one to look into is the worldwide Bitcoin self-mining firm Bitfarms. The company is one of the faster growing companies in the sector and yesterday, it made an announcement that further reinforced its commitment towards growth.

Bitfarms announced yesterday that it had decided to hire three more executives in order to expand its management team. The expansion of the management team was necessary to support the rapid expansion and growth that Bitfarms is looking for. It had also been noted that the company was going to grow through both acquisitions as well as through organic means.

Stronghold Digital Mining (NASDAQ:SDIG): The other company that could be looked into this morning is that of Stronghold Digital Mining Inc. There was no news about the crypto mining company on Monday but last week on February 8, some important news had emerged with regards to the company. It emerged that Stronghold had provided its response to the queries from the members of the United States Congress and Senators that had been posed back on January 27, 2021.

The company also noted that the entirety of the response had been published on the investor relations part of the website.

BIT Mining Ltd – ADR (NYSE:BTCM) stock has taken a hit recently as the stock has slumped almost 50% in past 6-month. Moreover, the stock has eroded 90% of its market cap in the past year and now trading near its 52-week low. On Monday, the stock was down 1% to close at $2.98 with more than 338K shares traded hands, compared to its average volume of 561K shares.

The company is all set to report its fourth quarter and full year ended December 31, 2021, before the U.S. market open on Thursday, February 17, 2022.

Cipher Mining Inc. (NASDAQ:CIFR) is another which has been under consistent selling pressure. The stock has lost 63% in the past quarter and 70% in the past year. The stock is trading above 20% from its 52-week low and 80% away from its 52-week high.

The company is scheduled to its fourth quarter 2021 financial results before U.S. markets open on Friday, March 4, 2022. Cipher will host a conference call and webcast that day at 8:00 a.m. Eastern Time.