In this article, we will list the 5 Best Blockchain Infrastructure Stocks According to Analysts. Please visit 9 Best Blockchain Infrastructure Stocks According to Analysts if you’d like to see an extended list and how we came up with the list of best blockchain infrastructure stocks.
5. Cipher Digital Inc. (NASDAQ:CIFR)
Cipher Digital Inc. (NASDAQ:CIFR) earns a place on our list of the best blockchain infrastructure stocks according to analysts.
The current backdrop to the company’s outlook is marked by evolving analyst expectations and the company’s ongoing strategic transformation.
Cipher Digital Inc. (NASDAQ:CIFR) was revisited by analysts at Keefe, Bruyette & Woods on March 11, 2026. The analysts cut their 2026 and 2027 revenue and EBITDA forecasts amid lower hash prices, higher spending, and the company’s expected close of its Bitcoin mining operations in 2027. They further added that investors are overexcited about the company’s existing leases and its 2026 leasing outlook. The firm trimmed its price target on the stock from $22 to $20, while reiterating an “Outperform” rating.
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Meanwhile, in its fourth-quarter and full-year 2025 earnings release, management unveiled the company’s rebranding from Cipher Mining to Cipher Digital. The move reflects Cipher Digital Inc. (NASDAQ:CIFR)’s transition toward high-performance computing (HPC) data center development. Citing long-term leases with hyperscale customers, including Amazon, Alphabet, and Fluidstack, CEO Tyler Page said the company is experiencing a rapid evolution into a leading HPC data center developer.
Cipher Digital Inc. (NASDAQ:CIFR) focuses on the development of industrial-scale data centers dedicated to high-performance computing and digital asset workloads. The company leverages expertise in power sourcing, engineering, and infrastructure to provide capacity for hyperscale computing demand.
4. CleanSpark, Inc. (NASDAQ:CLSK)
CleanSpark, Inc. (NASDAQ:CLSK) is one of the best blockchain infrastructure stocks according to analysts, reflecting growing confidence in companies building large-scale compute and energy platforms supporting digital assets.
On March 5, 2026, CleanSpark, Inc. (NASDAQ:CLSK) provided its February operational update, which highlights the company’s continued expansion of its infrastructure platform.
CleanSpark, Inc. (NASDAQ:CLSK) reported a production of 568 BTC in the month, featuring peak daily production of 23.84 BTC and average daily production of 20.29 BTC. The month also marked an operational hashrate of 50.0 EH/s, supported by a deployed fleet of 235,588 miners. As of the month’s end, the total Bitcoin holdings reached 13,363 BTC.
Furthermore, CleanSpark, Inc. (NASDAQ:CLSK) finalized and took ownership of a second site in Texas. With this achievement, the company added 300 megawatts of ERCOT-approved capacity to its contracted power portfolio. Management expressed optimism over the expansion, which strengthens its role as a scaled owner-operator of power-dense digital infrastructure. The region boasts one of the most attractive energy markets, supporting the company’s expansion plans while helping it advance AI and high-performance computing initiatives.
CleanSpark, Inc. (NASDAQ:CLSK) focuses on the development of large-scale Bitcoin mining and data center infrastructure across the U.S. The company utilizes low-cost energy and high-performance computing capacity to support blockchain and digital asset networks.
3. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) earns a place on our list of the best blockchain infrastructure stocks according to analysts.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) enjoys the confidence of approximately 90% of covering analysts, who remain bullish on the stock as of March 17, 2026. The consensus price target of $5.50 implies an upside potential of roughly 150% amid the company’s expanding AI compute and infrastructure strategy.
Amid the positive analyst sentiment, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) unveiled a strategic partnership on March 13, 2026. In collaboration with AMC Robotics Corporation, the company will advance AI-driven robotics compute infrastructure. Based on the deal, AMC Robotics will utilize Hive’s GPU-based AI cloud infrastructure to support the development, testing, and deployment of robotics applications. Together, both companies will explore opportunities across AI optimization, data processing, and infrastructure scalability.
Earlier, analysts at Rosenblatt revisited HIVE Digital Technologies Ltd. (NASDAQ:HIVE), extracting confidence from the company’s expansion into Paraguay, which has strengthened its mining business despite hash price headwinds. The firm also believes the company is well-positioned to navigate the challenging environment, thanks to improved hash costs and increased scale. Meanwhile, the firm adjusted its price target on the stock, basing it on 11x the firm’s fiscal 2028 adjusted EBITDA estimate. Rosenblatt trimmed its price target on the stock from $6.50 to $4.50, while reiterating a “Buy” rating in mid February.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) leverages green energy to power data centers and cryptocurrency mining facilities. The company is also expanding GPU-based AI computing infrastructure to serve enterprise workloads across blockchain, AI, and high-performance computing markets.
2. Bit Digital, Inc. (NASDAQ:BTBT)
Bit Digital, Inc. (NASDAQ:BTBT) earns a place on our list of the best blockchain infrastructure stocks according to analysts.
As of March 17, 2026, all covering analysts remain bullish on Bit Digital, Inc. (NASDAQ:BTBT), with a $5.75 consensus price target indicating 150% upside potential. Analysts remain confident in the company’s growing Ethereum-focused strategy and digital infrastructure exposure.
Reinforcing positive analyst sentiment, Bit Digital, Inc. (NASDAQ:BTBT) released its February 2026 Ethereum (ETH) treasury and staking metrics on March 5, 2026. As of the month’s end, the company boasted roughly 155,434 ETH, which translated into approximately $305.4 million based on a $1,965 closing price and an average acquisition cost of $3,045 per ETH.
During the month, Bit Digital, Inc. (NASDAQ:BTBT) actively deployed 138,269 ETH into staking, earning 313.9 ETH in rewards, which translated into an annualized yield of roughly 2.7%. As of February-end, the company had 324.8 million shares outstanding and owned roughly 27 million WhiteFiber (WYFI) shares, valued at $455.7 million. The update reflects the company’s diversified digital asset portfolio.
Bit Digital, Inc. (NASDAQ:BTBT) focuses on providing digital asset mining, Ethereum staking, cloud computing, and colocation services. With these services, the company supports AI and machine learning workloads. At the same time, the company focuses on building long-term exposure to Ethereum infrastructure and high-performance computing.
1. Canaan Inc. (NASDAQ:CAN)
Canaan Inc. (NASDAQ:CAN) earns a place on our list of the best blockchain infrastructure stocks according to analysts.
On March 3, 2026, an insider transaction occurred that signaled confidence in the company’s long-term growth narrative.
The company’s chairman and CEO, Nangeng Zhang, alongside CFO Jin Cheng, made an open-market purchase of shares. Together, they bought 1,456,547 American Depositary Shares with an average price of $0.51 per ADS. Zhang expressed strong confidence in the company’s long-term vision and opportunities.
The executives added that the stock is undervalued, not reflective of Canaan Inc.’s (NASDAQ:CAN) strong technology, strategy, and growth potential.
Nangeng Zhang commented,
“My recent share purchases reflect my strong conviction in Canaan’s long-term vision and the opportunities ahead. Both James and I believe our current market valuation does not fully reflect the strength of our technology, strategy, and growth potential, and we remain confident in the value we are building for shareholders.”
Meanwhile, on March 10, 2026, Canaan Inc. (NASDAQ:CAN) released its February update, where it reported production of 86 BTC, bringing its cryptocurrency treasury to 1,793 BTC and 3,952 ETH, which combine to be valued at roughly $128 million. Reflecting on the month’s update, Zhang attributed the results to the company’s strategy of integrating energy resources, expanding its U.S. footprint, and scaling operations in strategically opportunistic markets.
Canaan Inc. (NASDAQ:CAN) focuses on the development and sale of Bitcoin mining machines and related services. At the same time, the company is expanding its global mining operations and energy integration strategy by growing its focus on efficient and environmentally conscious cryptocurrency mining infrastructure.
While we acknowledge the potential of CAN 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 CAN and that has 100x upside potential, check out our report about the cheapest AI stock.
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