In this article, we will list the 5 Best Crypto Penny Stocks to Buy Now. Please visit 8 Best Crypto Penny Stocks to Buy Now if you would like to see the extended list and the methodology behind it.
5. Hyperscale Data, Inc. (NYSEAMERICAN:GPUS)
On June 29, 2026, Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) announced the establishment of a Michigan AI development reserve account. The dedicated capital reserve account targets approximately $120M to support continued development of the company’s Michigan AI data center campus. Hyperscale Data expects the principal source of proceeds for the Michigan Reserve Account to come from its ATM offering.
On June 24, Hyperscale Data announced a master services agreement to provide colocation and related data center services between Alliance Cloud Services, an indirect wholly owned subsidiary of the company, and a California-based neocloud provider at its Michigan data center campus. The MSA covers the deployment of 20 megawatts of AI compute capacity expected to be operational during the fourth quarter of 2026, with an option for the customer to expand up to a total of 52 MW of critical AI compute capacity.
On June 19, Hyperscale Data announced an “at-the-market” equity offering program under which it may sell shares of common stock for aggregate gross proceeds of up to $300M. The June 24 MSA has an initial term of 10 years with two five-year extension options, and if exercised for the maximum term, is expected to generate more than $1.2B in revenue. If the customer exercises its right to an additional 32 MW of critical AI compute capacity within the first two years and continues through the extension options, total contract revenue is expected to exceed $3B.
Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) provides crane rental and lifting solutions for oilfield, construction, commercial, and infrastructure markets in North America, Europe, the Middle East, and internationally.
4. BTC Digital Ltd. (NASDAQ:BTCT)
On June 26, 2026, BTC Digital Ltd. (NASDAQ:BTCT) announced definitive agreements with institutional investors for the purchase and sale of approximately $7M of Ordinary Shares and pre-funded and investor warrants at a price of $1.14 per Common Unit. The offering consisted of 6,140,350 Common Units, with each unit consisting of one Ordinary Share or one Pre-Funded Warrant and two PIPE Common Warrants to purchase one Ordinary Share per warrant at an exercise price of $1.71.
The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. The Common Warrants are also exercisable immediately and expire 60 months after the initial issuance date. Gross proceeds to BTC Digital Ltd. (NASDAQ:BTCT) are expected to be approximately $7M, while potential additional gross proceeds from the Common Warrants, if fully exercised on a cash basis, would be approximately $21M. Aegis Capital is acting as the exclusive placement agent for the private placement.
BTC Digital Ltd. (NASDAQ:BTCT) engages in the bitcoin mining business in the United States.
3. Empery Digital Inc. (NASDAQ:EMPD)
On July 1, 2026, Empery Digital Inc. (NASDAQ:EMPD) provided additional information on the capital needs tied to its investment in a Midwest facility being converted into an AI data center. Empery Digital said its funding obligations are limited to the $65M required to close its 25% ownership in the private entity acquiring the facility. Under the non-binding LOI, data center build-out costs, power usage, and operating costs are expected to be funded solely by the potential tenant.
On June 30, Empery Digital announced that it entered into a definitive agreement for the $65M investment. The facility has operated as a power-intensive industrial facility for the past three years and includes an owned substation and infrastructure for approximately 150 MW of currently available capacity under an existing power agreement with the local utility. A recent load study confirmed the facility’s ability to almost double available power to approximately 300 MW, ready for AI workloads.
Empery Digital said it currently has the capital required to fund the investment from its balance sheet and does not intend to issue equity at or near current share price levels. The company still holds bitcoin but does not currently plan to accumulate more and may sell bitcoin to fund this and similar future opportunities.
Empery Digital Inc. (NASDAQ:EMPD) engages in a digital asset treasury business in the United States.
2. LM Funding America, Inc. (NASDAQ:LMFA)
On June 24, 2026, LM Funding America, Inc. (NASDAQ:LMFA) announced a strategic expansion into high-performance computing and artificial intelligence infrastructure. The company ordered its initial AI GPU server hardware for deployment at its Oklahoma facility and is marketing available power capacity at both facilities to qualified AI co-location and power hosting customers. The expansion uses LM Funding’s 26 megawatts of wholly owned, operational power infrastructure, with average power costs of approximately $0.046 per kilowatt-hour.
In mid-May, LM Funding America reported financial results for the three months ended March 31, 2026. Total revenue was $2.1 million, down 10.9% sequentially and 11.1% year-over-year, with the sequential decline reflecting lower average Bitcoin prices. The company mined 26.1 Bitcoin during the quarter at an average price of approximately $75,700, compared with 22.0 Bitcoin in Q4 2025 at an average Bitcoin value of approximately $99,700 and 24.3 Bitcoin in Q1 2025 at an average Bitcoin value of approximately $93,600.
Mining margin was 24.1%, compared with 38.5% in Q1 2025. The company generated approximately $368,000 in curtailment and energy sales for the 2026 quarter, compared with $150,000 in Q1 2025. LM Funding also incurred a $3.8 million negative fair market value adjustment on mined digital assets and a $3.2 million negative fair market value adjustment on Bitcoin collateral receivable in Q1 2026.
LM Funding America, Inc. (NASDAQ:LMFA) operates as a cryptocurrency mining and specialty finance company.
1. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)
On June 25, 2026, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced that it signed a non-binding letter of intent with an investment-grade, sovereign Swedish technology company for an up to 10-year lease of HIVE’s 32 megawatt Boden, Sweden facility. The LOI remains subject to negotiation and execution of a definitive agreement. HIVE expects to retrofit the facility to support up to 10,000 GB300 GPUs, with single rack densities up to 150 kW, using hybrid direct-to-chip liquid cooling and air cooling. The site’s 32 MW gross utility load corresponds to a critical IT load of approximately 25 MW, which the LOI contemplates for HPC colocation.
Also on June 25, HIVE Digital Technologies said HIVE Bermuda 2026, its wholly owned subsidiary, intends to offer $100M aggregate principal amount of 0% exchangeable senior notes due 2031 in a private offering to qualified institutional buyers, subject to market conditions and other factors. The issuer also expects to grant the initial purchasers an option to buy up to an additional US$15 million aggregate principal amount of notes within 13 days from and including the date the notes are first issued.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) builds and operates data centers powered by green energy in Bermuda, Paraguay, Sweden, and Canada.
While we acknowledge the potential of HIVE 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 HIVE and that has 100x upside potential, check out our report about the cheapest AI stock.
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