5 Most Promising Blockchain Stocks According to Analysts

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In this piece, we will take a look at the five most promising blockchain stocks according to analysts. If you want to learn more about the latest developments in the blockchain industry, then read 11 Most Promising Blockchain Stocks According to Analysts.

5. Iris Energy Limited (NASDAQ:IREN)

Latest Analyst Share Price Upside: 60.39%

Iris Energy Limited (NASDAQ:IREN) is an Australian data center company that focuses on Bitcoin mining. Like other Bitcoin miners, it is also expanding its Bitcoin mining capacity on the back of rising prices. To this effect, Iris Energy Limited (NASDAQ:IREN) announced in December 2023 that it bought new Bitcoin miners to increase its mining capacity as part of a purchase that will see it add more than eight thousand miners to its portfolio.

During Q3 2023, eight out of the 910 hedge funds part of Insider Monkey’s database had bought and owned Iris Energy Limited (NASDAQ:IREN)’s shares. Kerr Neilson’s Platinum Asset Management was the largest investor through its $9.6 million stake.

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