As cryptocurrencies become more widely accepted, more investors are putting money into the digital asset market. This growing interest is also increasing demand for crypto-related stocks. The crypto ecosystem involves different types of companies such as Bitcoin miners, crypto infrastructure providers, as well as those holding digital assets. Investors can choose to invest in any of them to gain exposure to the broader sector. While crypto prices remain volatile in the short term, many investors continue to believe the industry’s long-term growth potential is strong.
Using TipRanks’ Stock Comparison tool, we identified three crypto-related stocks that carry a “Strong Buy” consensus rating from analysts and offer more than 65% upside potential over the next 12 months.
Hive Digital ($HIVE) – HIVE Digital is a digital infrastructure company that primarily mines Bitcoin using renewable energy-powered data centers. It also rents high-performance GPUs to businesses for AI and cloud computing, giving it exposure to both the crypto and AI markets. In the last three months, six Wall Street analysts covering HIVE stock rated it a Buy, with one assigning a Hold rating. Their 12-month average HIVE Digital price target indicates an upside of 117.9%.
Bitdeer Technologies ($BTDR) – Bitdeer Technologies is a Bitcoin mining company that operates large mining facilities and builds mining machines. It also provides infrastructure services to other crypto miners. Over the last three months, seven Wall Street analysts covering BTDR stock have rated it a Buy and two analysts rated it a Hold. Combined, their 12-month average Bitdeer price target indicates an upside of 78.9%.
CleanSpark ($CLSK) – CleanSpark is a Bitcoin mining company that operates large-scale mining facilities in the U.S. Yesterday, CleanSpark signed a 20-year infrastructure lease for its Sandersville, Georgia campus. The agreement is expected to generate about $6.6 billion in contracted revenue over the lease term. Several analysts lifted their price targets on CLSK stock following the news. Over the last three months, all 11 Wall Street analysts covering CLSK stock rated it a Buy. Together, their 12-month average CleanSpark price target indicates an upside of more than 65.6%.
Ending Thoughts
These three stocks offer investors different ways to gain exposure to the growing crypto market, though they also carry higher volatility than the broader market. While investors should carefully weigh the risks, Wall Street analysts believe HIVE Digital, Bitdeer Technologies, and CleanSpark are well positioned to benefit if Bitcoin prices and crypto adoption continue to grow.
