Riot Blockchain Vs. Marathon Digital: Which Crypto Mining Stock Is A Better Buy?

Here’s the Takeaway

While crypto mining companies provide a great proxy for BTC and other cryptocurrencies, both RIOT and MARA currently have sky-high valuations. In the short-term, and if the bullish momentum on cryptos endures, investors with  robust risk appetites could speculate on either of these stocks because both are shadowing the movement in cryptos. However, when crypto prices fall, traders should expect these two stocks to plunge.

So, we don’t recommend long-term investors buy either of these stocks at such high valuations. However, if picking one over the other, we think  RIOT would be the better bet because it is a more established company in the crypto mining space. RIOT has superior profitability to MARA and has more ‘moderate’ growth expectations.

RIOT shares were trading at $44.75 per share on Friday afternoon, down $3.36 (-6.98%). Year-to-date, RIOT has gained 163.39%, versus a 12.02% rise in the benchmark S&P 500 index during the same period.

 

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Freddy Frighter 1 month ago Member's comment

How about $SOS. They have 400m in cash no debt, over 15000 rigs and this is only 1/3 of their business they are also doing crypto insurance. Hedges are beating this stock up right now.