In this article, we will list the 5 Best Bitcoin Stocks to Buy Now. Please visit 8 Best Bitcoin Stocks to Buy Now if you would like to see the extended list and the methodology behind it.
5. Iris Energy Limited (NASDAQ:IREN)
Iris Energy Limited (NASDAQ:IREN) is one of the best bitcoin stocks to buy now. Freedom Capital initiated coverage of Iris Energy Limited (NASDAQ:IREN) with a Hold rating on April 1, setting a price target of $36. The firm stated that although it sees potential upside in the stock to $43 within the next two years as the company completely converts its crypto mining capacity to serving AI customers, that may prove to be a lengthier process than has been promised, and one that adds execution risk. Freedom Capital further told investors that it prefers other covered names among neoclouds and their supporting companies, at least for now.
Iris Energy Limited (NASDAQ:IREN) also received a rating update from Cantor Fitzgerald on April 9. The firm cut the price target on the stock to $61 from $82 and reiterated an Overweight rating on the shares, telling investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In this context, it sees AI infrastructure as “an attractive place to invest”. This holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
Formerly known as Iris Energy Limited, IREN Limited (NASDAQ:IREN) is an Australia-based company that owns and operates renewable energy-powered data centers. Its facilities are specially optimized for Bitcoin mining, AI cloud services, and other power-dense computing.
4. Riot Platforms, Inc. (NASDAQ:RIOT)
Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald cut the price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $20 from $29 on April 9, reiterating an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In such a context, it considers AI infrastructure to be “an attractive place to invest”, given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor added that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In its Bitcoin production and operations updates for fiscal Q1 2026 released on April 2, Riot Platforms, Inc. (NASDAQ:RIOT) reported that it produced 1,473 Bitcoin in the quarter, down 4% quarter-over-quarter from 1,530 Bitcoin produced in fiscal Q1 2025. The average Bitcoin produced per day in fiscal Q1 2026 was 16.4, down from 17.0 in the prior year period.
Riot Platforms (NASDAQ:RIOT) is a Bitcoin mining and digital infrastructure company. It operates Bitcoin mining operations in Kentucky and central Texas, along with electrical switchgear engineering and fabrication operations in Denver. The company is divided into two segments: Bitcoin Mining and Engineering.
3. TeraWulf Inc. (NASDAQ:WULF)
TeraWulf Inc. (NASDAQ:WULF) is one of the best bitcoin stocks to buy now. Oppenheimer lifted the price target on TeraWulf Inc. (NASDAQ:WULF) to $25 from $20 on April 20, reaffirming an Outperform rating on the shares. The rating update came after the company’s preliminary fiscal Q1 results, with the firm noting that revenue expectations of $30M-$35M were a bit soft, as was EBITDA of $0M-$3M. It reiterated that near-term financial results are secondary to executing against its aggressive build plan, which remains on track with the on-schedule completion of the CB-2 facility at Lake Mariner.
TeraWulf Inc. (NASDAQ:WULF) also received a rating update from Roth Capital on April 17, with the firm lifting the price target on the stock to $32 from $26 while maintaining a Buy rating on the shares. The firm considers a lease for the Kentucky campus as “the next major catalyst” for the company. And stated that recent talks have suggested that a Hawesville lease is “very much in advanced negotiations”. Roth Capital added that it would expect a lease announcement in the next two to three months, and estimated that the site could add about $5.70 per share in net present value or more.
TeraWulf Inc. (NASDAQ:WULF) operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.
2. Hut 8 Mining Corp (NASDAQ:HUT)
Hut 8 Mining Corp (NASDAQ:HUT) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald raised the price target on Hut 8 Mining Corp (NASDAQ:HUT) to $80 from $68 on April 9, reaffirming an Overweight rating on the shares and stating that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In this context, it sees AI infrastructure as “an attractive place to invest”, and this holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In another development, Arete initiated coverage of Hut 8 Mining Corp (NASDAQ:HUT) with a Buy rating on March 23, setting a price target of $136. It told investors in a research note that the company’s 15-year River Bend lease comes with a full backstop of rent payments from Google, 99% margin on a triple-net lease, with full pass-through, yielding an average of $454M in annual operating income.
Hut 8 Corp. (NASDAQ:HUT) is a bitcoin miner and a vertically integrated operator of large-scale energy infrastructure. It acquires, builds, designs, and operates data centers to power compute-intensive workloads, such as bitcoin mining. Its operations are divided into four business segments: Digital Assets Mining, Managed Services, High Performance Computing-Colocation and Cloud, and Other.
1. Core Scientific, Inc. (NASDAQ:CORZ)
Core Scientific, Inc. (NASDAQ:CORZ) is one of the best bitcoin stocks to buy now. On April 9, Cantor Fitzgerald raised the price target on Core Scientific, Inc. (NASDAQ:CORZ) to $29 from $25, maintaining an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy, and in this context, it sees AI infrastructure as “an attractive place to invest”. This holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In a separate development, Core Scientific, Inc. (NASDAQ:CORZ) announced on March 23 that it closed an additional $500 million commitment provided by JPMorgan Chase Bank, N.A. under the accordion feature of the Company’s previously announced 364-day credit facility. Management added that this brings total funded commitments under the Facility to $1.0 billion, including the previously announced $500 million commitment from Morgan Stanley.
Core Scientific, Inc. (NASDAQ:CORZ) operates digital infrastructure for Bitcoin mining and high-performance computing. It operates specialized, purpose-built facilities for digital asset mining. The company leverages its own fleet of computers, called miners, to earn Bitcoin for its own account, and also provides hosting services for Bitcoin mining and high-performance computing customers at several US-based operational data centers.
While we acknowledge the potential of CORZ 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 CORZ and that has 100x upside potential, check out our report about the cheapest AI stock.
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