Daily Stock Ideas – December 31, 2020
Today’s 5 Stock Ideas (All Crypto Edition):
- Canaan (CAN) – Shares were up 19% ahead of the open in sympathy with strength in bitcoin. Bitcoin has rallied about 20% this week. The company provides integrated circuit design for application in bitcoin mining operations.
- Marathon Patent Group (MARA) – The company is a digital asset technology company that mines cryptocurrencies.
- Bit Digital (BTBT) – The stock closed up 43% on Wednesday. The company, formerly known as Golden Bull, is a bitcoin miner.
- Riot Blockchain (RIOT) – The company is a bitcoin miner and creates blockchain technology for use in many digital ecosystems.
- Ebang (EBON) – Shares were up 20% following news it will launch its cryptocurrency exchange in Q1 of 2021.