The crypto market has gone through one of the most spectacular crashes over the course of the past few days and it is still unclear when it is going to abate. Consequently, the situation has been poor for cryptocurrency-related stocks as well and most of those stocks have suffered.
That being said, it is also true that some of those crypto stocks may have the capacity to bounce back sooner rather than later and it may be a good idea for investors to consider tracking some of those stocks or adding them to their watch lists.
CleanSpark Inc (NASDAQ:CLSK) – The first one to look into if you are currently on the hunt for cryptocurrency stocks that may bounce back is the CleanSpark Inc stock. The company is involved in mining Bitcoin in a sustainable manner and is also regarded as an energy technology entity.
Yesterday, the company was in the news after it announced that it decided to take over an existing purchase of as many as 1800 units of Antminer S19 XP. The company took over the purchase as it continues in its plans to expand its infrastructure. After the units are up and running they are going to add as much as 252 petahashes per second to the Bitcoin mining capacity of CleanSpark. The announcement was a significant one and it is going to be interesting to see if it leads to an upward move or not.
BlockQuarry Corp (OTCMKTS:BLQC) – The next one to add to the list could be the BlockQuarry Corp stock. The company is involved in cryptocurrency self-mining and mine hosting operations. It works from out of a leased plant at Gaffney in South Carolina. In addition to that, the company is also known for having cryptocurrency mining equipment and infrastructure.
There has not been any news about the company for quite some time but back on April 25 this year the company announced its financial results and it proved to be a blockbuster as revenues shot up by 1643% year on year to hit $960000. In addition to that, the net operating loss also went down to $3.4 million from $8.3 million.
Epazz Inc (OTCMKTS:EPAZ) : Anyone who is currently looking into the cryptocurrency industry for options may consider taking a closer look at the Epazz Inc stock, which is working on a highly ambitious project named CryObo in the United Arab Emirates. The project involved the use of solar power tech for the purpose of turning sunlight into Bitcoin and at a time when power consumption for Bitcoin mining is such a concern, it could be a fairly revolutionary project.
Last week the company announced that it was going to launch its own tokens in the third quarter of this year. The proceeds are going to help the company in financing the project and allow token holders to also get a cut of the income that is ultimately generated. It is good news for Epazz shareholders too since the financing of the project may not lead to any liquidation of the company’s stock.
Vortex Brands Co (OTCMKTS:VTXB) – The company is mainly involved with the cryptocurrency sector and specifically in the lucrative Bitcoin mining space. One of the more significant developments with regards to the company took place back on February 16 when it announced that it had managed to complete the acquisition of as many as 5 new S19j Pro (1OOth) for strengthening its Bitcoin mining activities.
At the time it was announced that Vortex expected the machines to get online at some point in March. Additionally, it was the third purchase of mining equipment for the Vortex brand in 2022 up until that point.
Rogue Station Companies Inc (OTCMKTS:RGST) – Crypto and blockchain development firm Rogue Station Companies Inc had been in the news earlier on in the month on June 9 when it announced that it had gone into a partnership with SRAX.
As per the provisions of the partnership, SRAX is going to help the company with its communications with shareholders, potential investors, and supporters. All companies need such outreaches and SRAX is an experienced company in this particular industry. It may be a good time to keep an eye Rogue Station.
