In this article, we will take a look at the 12 Best Cryptocurrency and Blockchain Stocks to Buy Now.
The S&P 500 could be headed for a ‘boring normal year’ after three consecutive years of double-digit gains. That’s the sentiment echoed by the chief strategist at Freedom Capital Markets, Jay Woods, in an interview with CNBC.
“We think the bull run continues, but it’s not going to be the stampede” of the last three years, Woods said while expecting the S&P 500 to rise by between 3% and 5%. While a more bearish forecast compared to what other Wall Street strategists expect, Woods expects a significant change in market leadership.
The rotation is already in full swing as investors come to terms with premium valuations, especially around technology stocks. While technology stocks have fuelled market gains amid the AI boom, AI investments are increasingly becoming a liability for the hyperscalers.
“There are going to be winners and losers in technology,” Woods said. “It’s not ‘AI is lifting all stocks,’ and as a result, some of those mega caps may take a little bit of a pause.” Instead, Woods sees more ho-hum sectors—such as industrials, transportation, and financials—leading the market next year as investors reward their “slow, steady growth.”
Uncertainty over the upcoming US midterm elections, along with soaring geopolitical tensions in the Middle East and Europe, are among the tailwinds that could support cryptocurrency trades. According to a Bloomberg report, cryptocurrencies will emerge as a linchpin of struggling economies like Venezuela and even thrive further.
Dollar-pegged cryptocurrencies are well poised to benefit given their increased use during periods of hyperinflation, sanctions, and capital controls. Digital currencies are often relied upon, given that governments largely control banks and payment firms.
“Venezuela is one of the most prominent examples of countries where crypto adoption became an economic necessity,” said Michal Moneta, chief operating officer at the Onchain Foundation. “It wasn’t about favorable regulation. Individuals found solutions to their problems in cryptocurrencies.”
Likewise, JPMorgan is already considering offering cryptocurrency trading to institutional clients as large banks deepen their involvement in digital assets. The growing interest is in response to changes in the US regulatory environment around crypto. US banks are increasingly warming up to digital assets following the appointment of crypto-friendly regulators.
Our Methodology
We reviewed ETFs and financial media reports to compile a preliminary list of stocks with exposure to cryptocurrencies and blockchain technology. We selected stocks with an upside potential of more than 10%, as of January 16. Finally, we have ranked the stocks in ascending order based on the number of hedge funds that hold stakes in them in the third quarter of 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
Best Cryptocurrency and Blockchain Stocks to Buy Now
12. HIVE Digital Technologies Ltd (NASDAQ:HIVE)
Upside Potential: 137.39%
Number of Hedge Fund Holders: 9
HIVE Digital Technologies Ltd (NASDAQ:HIVE) is one of the best cryptocurrency and blockchain stocks to buy now. On January 13, HIVE Digital Technologies Ltd (NASDAQ:HIVE) confirmed its expansion into Paraguay. The move follows the formation of a joint venture with the country’s telecommunication operator to launch an artificial intelligence cloud platform.
The US-based digital infrastructure company is to deploy its BUZZ AI Cloud platform within a Tier III data center operated by Paraguay’s telecommunications provider. The platform aims to provide high-performance computing and AI infrastructure to academic and research institutions, as well as financial services and healthcare providers.
The platform, poised to go live in the first quarter, will leverage the country’s renewable hydroelectric power and national fiber network.
“This progression is consistent with patterns we have observed in Texas, including around San Antonio, where infrastructure development began with Tier I data centers and later expanded into capital-intensive Tier III facilities capable of hosting advanced AI workloads,” said Frank Holmes, Executive Chairman of HIVE.
Meanwhile, Hive Digital Technologies produced 290 Bitcoin in November, representing a 182% year-over-year increase. The increase came after the company achieved an average hashrate of 23.5 EH/s.
HIVE Digital Technologies Ltd (NASDAQ:HIVE) builds and operates sustainable data centers for both Bitcoin mining and High-Performance Computing (HPC) for AI, using green energy sources such as hydro and geothermal power to provide scalable, environmentally conscious digital infrastructure for cryptocurrencies and AI workloads.
11. Canaan Inc. (NASDAQ:CAN)
Upside Potential: 281.10%
Number of Hedge Fund Holders: 10
Canaan Inc. (NASDAQ:CAN) is one of the best cryptocurrency and blockchain stocks to buy now. On January 14, Canaan Inc. (NASDAQ:CAN) announced strong growth in its mining operations, reporting a 61% year-over-year increase in operating hashrate and an 82% jump in installed hashrate, reaching 9.91 EH/s. The company mined 86 BTC in December and closed 2025 with record crypto holdings of 1,750 BTC and 3,951 ETH.
Canaan also expanded its global power capacity to more than 250 MW across nine projects, improved miner efficiency to 24.3 J/TH, renewed a $30 million share buyback program, and launched a 3 MW heat-recovery initiative in Canada. However, despite outperforming the Bitcoin network’s 34% hashrate growth, the company continues to face financial pressure, with a negative 58% free cash flow yield and its stock down 52% over the past year.
On January 6, Canaan Inc. (NASDAQ:CAN) unveiled a 3.0 MW proof-of-concept program with Bitforest Investment Ltd, designed to recover heat from an Avalon Computing system. The companies plan to use the recovered heat as a supplemental source for greenhouse operations.
On December 8, BTIG initiated coverage of Canaan with a Buy rating and $3 price target, noting the company’s long history of producing ASIC mining rigs, including the efficient A16 model. Canaan also operates a self‑mining fleet across eight global data centers with holdings of about 1,600 BTC, and is focused on expanding self‑mining, increasing rig market share, and securing power infrastructure as part of its vertically integrated strategy.
Canaan Inc. (NASDAQ:CAN) is a technology company specializing in ASIC supercomputing chips, primarily known for designing and manufacturing Bitcoin mining machines (under the Avalon brand) and for providing related software, services, and edge computing solutions, with a focus on integrating efficient, often green, computing into applications such as data centers and energy.
10. Bit Digital Inc. (NASDAQ:BTBT)
Upside Potential: 139.57%
Number of Hedge Fund Holders: 20
Bit Digital Inc. (NASDAQ:BTBT) is one of the best cryptocurrency and blockchain stocks to buy now. On January 7, Bit Digital Inc. (NASDAQ:BTBT) asserted its strong position in digital currency assets. The company exited 2025 with approximately 155,227.3 ETH. It acquired 366.8 ETH in December at an average acquisition price of $3,045.
Based on the closing price of $2,967, the company’s total ETH holdings were valued at about $460.5 million. During the month, the company staked an additional 642 ETH, bringing its total staked ETH holdings to 138,263, or 89% of its total ETH holdings. Its total staked holdings generated 389.6 ETH in rewards, presenting an annualized yield of about 3.5%. Additionally, Bit Digital exited 2025 with about 27 million WhiteFiber shares, valued at about $427.3 million.
Meanwhile, on December 22, Bit Digital strengthened its leadership team by appointing Amanda Cassatt, founder and Chief Executive Officer of Serotonin, to its Board. He joins the board with vast experience across digital assets, institutional adoption, and product strategy at a time when the company is expanding its Ethereum and AI infrastructure.
“I look forward to supporting the mission of making Ethereum and AI compute accessible to the public markets,” Cassat said. “I appreciate Bit Digital’s thoughtful, long-term approach to the assets and infrastructure that matter most for the future.”
Bit Digital Inc. (NASDAQ:BTBT) is a high-performance computing (HPC) and digital asset company that mines Bitcoin, offers AI cloud services, provides data center colocation, and engages in Ethereum (ETH) staking, operating at the intersection of AI and digital assets by providing infrastructure for both.
9. Bitdeer Technologies Group (NASDAQ:BTDR)
Upside Potential: 107.80%
Number of Hedge Fund Holders: 26
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the best cryptocurrency and blockchain stocks to buy now. On January 12, the company delivered impressive December 2025 production and operational results. During the month, the company achieved a 339% year-over-year increase in Bitcoin mined to 636 Bitcoins and a 21% month-over-month increase.
The significant increase in Bitcoin mining came as the self-mining hashrate reached 55.2 Exahash per second. Additionally, the significant ramp-up in production follows the deployment of proprietary SEALMINER mining rigs, which continue to accelerate the expansion of the self-mining operations.
“We have now surpassed 55 EH/s, marking a significant operational milestone, with significant continued growth planned through 2026 as we deploy additional proprietary rigs. In parallel, we continue to scale our AI and high-performance computing infrastructure to meet strong demand, expanding GPU deployments and cloud capabilities to support a broad range of digital compute needs,” said Matt Kong, Chief Business Officer of Bitdeer.
As of the end of 2025, Bitdeer Technologies held 2,017 Bitcoin, excluding customer deposits. In addition, the company is advancing its AI capabilities by converting several crypto mining facilities into AI data centers in Norway, Washington, and Tennessee.
Bitdeer Technologies Group (NASDAQ:BTDR) is a leading technology company focused on Bitcoin mining and AI cloud services. It also offers comprehensive solutions from datacenter operations to hash rate sharing, equipment management, and self-mining for cryptocurrencies, while also building significant AI infrastructure with NVIDIA GPUs for advanced computing.
8. Cleanspark Inc. (NASDAQ:CLSK)
Upside Potential: 95.24%
Number of Hedge Fund Holders: 34
CleanSpark Inc (NASDAQ:CLSK) is one of the best cryptocurrency and blockchain stocks to buy now. On January 6, CleanSpark Inc. (NASDAQ:CLSK) affirmed strong performance across its mining operations and digital asset management groups. The company achieved a 10% year-over-year increase in Bitcoin production in December amid network difficulties.
The Bitcoin miner ended up producing 622 Bitcoin in December, averaging 20.07 Bitcoin per day. The 10% year-over-year increase resulted in production for the whole year reaching 7,746 at a hashrate of 150.0 EH/s. Consequently, it ended the year with 13,099 Bitcoin, after selling 577 Bitcoin at an average price of 89,210 during the month.
Amid robust Bitcoin mining operations, CleanSpark also expanded its footprint into artificial intelligence compute infrastructure. It has already acquired a 271-acre site in Texas and inked power agreements totaling 285 megawatts. It also boasts 31.45 GW under contract in its power portfolio and leverages 480MW to support mining operations.
“Our operational strength and active monetization strategies are creating a durable foundation as we advance AI infrastructure plans in Georgia, Texas, and beyond. We are making strong progress with potential tenants and will continue pursuing strategic energy opportunities to support long-term portfolio growth,” said Matt Schultz, CleanSpark Chief Executive Officer and Chairman.
Meanwhile, on January 8, Maxim initiated coverage of the stock with a Buy rating and a $22 price target.
Cleanspark Inc. (NASDAQ:CLSK) is focused on Bitcoin mining and developing high-performance computing infrastructure, utilizing its portfolio of energy assets and data centers for both activities. It also builds and operates data centers, initially leveraging low-cost, reliable energy to enable efficient Bitcoin mining.
7. Cipher Mining Inc. (NASDAQ:CIFR)
Upside Potential: 58.49%
Number of Hedge Fund Holders: 40
Cipher Mining Inc. (NASDAQ:CIFR) is one of the best cryptocurrency and blockchain stocks to buy now. On January 6, Cipher Mining Inc. (NASDAQ:CIFR) announced the appointments of Lee Bratcher as Head of Policy and Government Affairs and Drew Armstrong as Head of Strategic Initiatives.
Earlier on December 23, Cipher Mining Inc. reached an agreement to acquire a 200-megawatt site in Ohio. The acquisition includes 195 acres of land and secured capacity from AEP Ohio.
The site is to give Cipher Mining access to PJM, the nation’s largest wholesale electricity market. Additionally, the site is well-suited for high-performance computing activities given its acreage and the availability of diverse fiber paths. With the acquisition, the company’s development pipeline has grown to 3.4 GW across 8 sites.
The acquisition underscores the company’s push for high-quality opportunities nationwide as it continues to expand and diversify its development pipeline alongside Bitcoin mining operations.
“Leveraging our proven sourcing capabilities, Cipher is continuing to seize the opportunity to shape the future of high-performance computing infrastructure. This new site, in a new power market, gives us additional capacity to continue expanding our HPC hosting business while broadening our geographical footprint,” said Tyler Page, CEO of Cipher.
Following the news, Compass Point reiterated its Buy rating on the stock with a $28 target. However, on December 19, Rosenblatt cut its price target on Cipher Mining to $25 from $33 but kept a Buy rating, citing 2025’s tough environment for Bitcoin miners as rising network difficulty and falling BTC prices squeezed profitability. The firm added that pure‑play crypto miners face greater financial strain than those diversifying into high‑performance computing (HPC).
Cipher Mining Inc. (NASDAQ:CIFR) is a technology company that builds and operates large-scale data centers, originally for Bitcoin mining. Still, it is now pivoting to provide hosting for High-Performance Computing (HPC) and Artificial Intelligence (AI) infrastructure for major tech companies like Amazon Web Services (AWS), securing long-term revenue streams.
6. Strategy Inc. (NASDAQ:MSTR)
Upside Potential: 162.23%
Number of Hedge Fund Holders: 43
Strategy Inc. (NASDAQ:MSTR) is one of the best cryptocurrency and blockchain stocks to buy now. On January 12, Strategy Inc. (NASDAQ:MSTR) generated $1.13 billion in net proceeds from the sale of 6.8 million shares of Class A common stock.
The company sold 1.2 million shares of Variable Rate Series A perpetual stretch preferred shares for $119.1 million in net proceeds. It also had $10.3 billion in additional common stock issuance under the ATM program.
Following the sale, the company purchased 13,627 Bitcoin at an average price of $91,519 per coin. The transaction cost the company $1.25 billion, inclusive of fees and expenses. Following the purchase, the company’s total Bitcoin holdings have increased to 687,410 coins.
The purchase came just days after a Clear Street analyst reiterated a Buy rating on the stock but cut the price target to $268 from $443. Despite the price target cut, the research firm maintains a long-term bullish view of Bitcoin and believes the strategy is well-positioned to compound shareholder returns. That’s because the company is well differentiated and is a compelling vehicle for leveraged Bitcoin exposure.
Strategy Inc. (NASDAQ:MSTR) is a leading provider of AI-powered enterprise analytics software for businesses and acts as a Bitcoin treasury company. It acquires and holds significant amounts of Bitcoin, offering investors exposure to the cryptocurrency through its stock and other securities.
5. Hut 8 Corp. (NASDAQ:HUT)
Upside Potential: 16.47%
Number of Hedge Fund Holders: 52
Hut 8 Corp (NASDAQ:HUT) is one of the best cryptocurrency and blockchain stocks to buy now. On December 19, Benchmark raised the stock’s price target to $85 from $78. The price target hike is in response to the company signing a $7 billion data center deal, which is expected to strengthen its digital infrastructure business in addition to its crypto-focused business.
The company has signed a 15-year, $7 billion lease agreement with Fluidstack for 245 megawatts of IT capacity at its River Bend data center. Google is to provide the financial backstop covering obligations during the 15-year lease term. In addition to the growing digital infrastructure business, the analyst also views the company’s stake in Bitcoin mining company American Bitcoin as a positive going forward.
“The transaction combined superior deal economics relative to peer deals, long-dated, investment-grade-backstopped cash flows, and multiple layers of embedded expansion optionality across three counterparties – Anthropic, Fluidstack, and Google,” Palmer noted.
Likewise, research firm Keefe, Bruyette & Woods has increased Hut 8’s price target to $55 from $30 while reiterating a Buy rating. The price target hike is in response to what the research firm bills as strong execution on the high-performance computing colocation deal. The research firm expects the company to secure additional Google TPUs owing to the net expansion potential at River Bend.
Hut 8 Corp. (NASDAQ:HUT) operates an energy-first infrastructure platform, building and managing large-scale data centers for power-hungry applications such as AI and Bitcoin mining, offering services ranging from power generation and digital infrastructure to compute power (GPU/CPU) and managed data center services.
4. Riot Platforms Inc. (NASDAQ:RIOT)
Upside Potential: 56.36%
Number of Hedge Fund Holders: 57
Riot Platforms Inc. (NASDAQ:RIOT) is one of the best cryptocurrency and blockchain stocks to buy now. On January 6, the company announced an 8% month-over-month increase in Bitcoin production in December. However, it was 11% lower than the Bitcoin mined the same month in 2024.
The month-over-month increase coincided with a 5% increase in the company’s hash rate, which reached 38.5 EH/s. It was also 22% higher than the previous year. It also reported $6.2 million in total power credits for December.
The company also took advantage of the high Bitcoin prices to sell 1,818 Bitcoin during the month, generating $161.6 million in net proceeds. It represented a significant increase compared to 38 Bitcoins sold in November. Following the sale, Riot platforms exited the year with 18,005 Bitcoin in reserves, a 2% increase from the end-of-2024 level.
Meanwhile, Riot Platforms has entered into a sales agreement to establish an at-the-market offering program. It plans to sell up to $500 million of its common stock at prevailing market prices.
Riot Platforms, Inc. (formerly Riot Blockchain) is a leading, vertically integrated Bitcoin mining and digital infrastructure company focused on developing large-scale data centers for high-density computing and Bitcoin mining, and on providing custom electrical engineering for complex projects, aiming to power the digital economy.
3. Core Scientific Inc. (NASDAQ:CORZ)
Upside Potential: 64.63%
Number of Hedge Fund Holders: 68
Core Scientific Inc. (NASDAQ:CORZ) is one of the best cryptocurrency and blockchain stocks to buy now. On January 6, BTIG upgraded Core Scientific Inc. (NASDAQ:CORZ) to a Buy from a Neutral and maintained a $23 price target.
The upgrade comes as the stock has underperformed its peers that have significant exposure to artificial intelligence computing contracts. Consequently, the stock is trading at a discount, down about 30% over the past two months compared to its peers. The undervaluation aligns with the company’s $4 million per megawatt valuation, which is well below the $7 million per megawatt of companies with high-performance computing contracts.
BTIG expects the company to hit the ground running in 2026 on securing additional high-performance computing colocation contractions. It also hopes to acquire incremental power capacity as it builds an infrastructure portfolio supported by strong demand for computing power infrastructure.
Earlier, on December 18, Citizens upgraded the stock to Market Outperform and set a $30 price target, impressed by the company’s robust growth prospects. According to the research firm, the company boasts a solid power pipeline that provides a solid foundation for additional high-performance computing agreements.
Core Scientific Inc. (NASDAQ:CORZ) builds and operates large-scale data centers, historically focused on Bitcoin mining but rapidly shifting to provide high-density infrastructure for Artificial Intelligence (AI) and high-performance computing (HPC) workloads, and offers power, cooling, and specialized hosting services to third-party clients.
2. Coinbase Global Inc. (NASDAQ:COIN)
Upside Potential: 47.14%
Number of Hedge Fund Holders: 73
Coinbase Global Inc. (NASDAQ:COIN) is one of the best cryptocurrency and blockchain stocks to buy now. On January 8, analysts at Bank of America reiterated a Buy rating on the stock. According to the investment bank, the stock is well-positioned for 2026 owing to product expansion, strategic pivots, and a lower valuation.
According to research analyst Craig Siegenthaler, product velocity acceleration at the back of the stock pullback in the second half of last year could prove to be a turning point. Coinbase is expanding its footprint into stocks, ETFs, and prediction markets as it seeks to be an everything exchange in pursuit of growth opportunities. The expansion will enhance the company’s addressable market while also unlocking new cross-selling opportunities.
In addition, Bank of America expects the company’s layer 2 network built on Ethereum to further expand the company’s footprint in infrastructure. A launch of a native token is expected to raise billions in cash while incentivizing early adopters.
Meanwhile, Raymond James maintains a cautious outlook on Coinbase’s long-term earnings potential. The research firm has reiterated a Market Perform rating on the stock ahead of fourth-quarter 2025 results, slated for February 25. The firm remains wary of the company’s revenue and EBITDA momentum amid heightened volatility in the cryptocurrency market.
Coinbase Global Inc. (NASDAQ:COIN) is a leading cryptocurrency platform that enables individuals and institutions to easily buy, sell, trade, store, and use digital assets such as Bitcoin and Ethereum. It acts as a bridge to the crypto economy, providing services for consumers, institutions, and developers.
1. Robinhood Markets, Inc. (NASDAQ:HOOD)
Upside Potential: 41.59%
Number of Hedge Fund Holders: 77
Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the best cryptocurrency and blockchain stocks to buy now. On January 5, analysts at Piper Sandler reiterated an Overweight rating on Robinhood Markets Inc (NASDAQ:HOOD) and maintained a $155 price target.
According to the research firm, Robinhood Markets is one of the top companies well poised to capitalize on emerging retail trading trends. That’s because it boasts unmatched brand recognition among US Gen Z and millennial traders. Additionally, it is positioned to benefit from changing investor demographics.
Piper Sandler is also confident in the current management team’s ability to identify emerging trends, understand customer needs, and execute rapid go-to-market strategies. The company’s prediction market, launched in 2025, has become the fastest-growing product, generating over $300 million in annualized revenue. The product has allowed the company to diversify its revenue streams.
Earlier on December 16, analysts at Mizuho also touted Robinhood stock as an Outperform with a $172 price target. The positive stance reflects the firm’s confidence in the company’s growth prospects in the prediction market segment. The firm expects the company to deliver a much larger percentage of revenue benefit from the prediction market than Coinbase.
Robinhood Markets, Inc. (NASDAQ:HOOD) is a financial services company that offers a mobile-first, commission-free platform for trading stocks, ETFs, options, and cryptocurrencies, aiming to democratize finance with accessible tools like fractional shares and crypto wallets, while also providing cash management, retirement accounts, and learning resources for retail investors.
While we acknowledge the potential of HOOD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HOOD and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 10 Best Debt-Free Penny Stocks to Buy Right Now and 10 Best Blue Chip Stocks to Buy for 2026.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.
