Blockchain Stocks To Watch Today - March 9

As of March 9, several Blockchain stocks are attracting attention in the market. According to a stock screener tool, the top five Blockchain stocks to monitor today are Oracle, Bit Origin, Core Scientific, Riot Platforms, and Applied Digital. Blockchain stocks represent shares in companies engaged in the development, implementation, or utilization of blockchain technology. These firms may construct the core infrastructure for decentralized networks, provide software solutions, or incorporate blockchain systems to improve their business operations. Consequently, these stocks offer investors a chance to participate in the expanding digital ledger technology sector. Recently, these companies demonstrated the highest dollar trading volumes among Blockchain stocks.

Oracle (ORCL)

Oracle Corporation provides a range of products and services that meet the needs of enterprise IT environments across the globe. The company’s cloud software as a service includes several applications, such as Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, and Oracle Advertising, along with others. During Friday’s trading session, Oracle stock increased by $4.95, reaching $155.89. The trading volume was recorded at 12,628,662 shares, surpassing its average volume of 11,632,912. The company has a market cap of $436.01 billion, with a P/E ratio of 38.11 and a beta of 1.07.

Bit Origin (BTOG)

Bit Origin's shares saw an increase of $0.34 on Friday, reaching a pricing of $0.62. The stock's trading volume was remarkably high, with 620,152,901 shares exchanged compared to the average of 4,803,026. The company has a 52-week low of $0.16 and a high of $6.04, indicating significant volatility. Its current ratio stands at 2.68, showing that it maintains sufficient liquid assets to cover its short-term liabilities.

Core Scientific (CORZ)

Core Scientific, Inc. specializes in offering digital asset mining services across North America. It primarily operates through two segments: Mining and Hosting. The company focuses on blockchain infrastructure, software solutions, and operates numerous data center mining facilities. On Friday, Core Scientific's stock fell by $0.07, settling at $7.78 with a trading volume of 31,827,030 shares, exceeding its average of 10,539,098. The company’s market cap is $2.29 billion, with a price-to-earnings ratio of -1.44, suggesting it is currently operating at a loss.

Riot Platforms (RIOT)

Riot Platforms, Inc. is a bitcoin mining company that operates in North America. The business is divided into three segments: Bitcoin Mining, Data Center Hosting, and Engineering. Furthermore, it supports institutional-scale bitcoin miners with crucial infrastructure and workforce services for miner deployment. Riot's stock increased by $0.26 to reach $8.37 during Friday's trading, with a volume of 25,053,225 shares traded compared to an average of 31,659,838. The market cap for Riot Platforms stands at $2.93 billion, with a P/E ratio of 19.47.

Applied Digital (APLD)

Applied Digital Corporation designs, develops, and manages datacenters throughout North America, providing digital infrastructure solutions tailored for high-performance computing. The company also offers services in artificial intelligence cloud hosting and cryptocurrency data centers. On Friday, Applied Digital's stock rose by $0.26 to $7.26 with 22,149,767 shares exchanged, compared to its average volume of 28,500,266. The company has a market cap of $1.62 billion and a P/E ratio of -4.20.

Blockchain, Stocks, Technology