In this article, we will list the 5 Popular Penny Stocks on Robinhood to Buy. Please visit 10 Popular Penny Stocks on Robinhood to Buy if you would like to see the extended list and the methodology behind it.
5. SEALSQ Corp (NASDAQ:LAES)
Average Daily Trading Volume: 7.95 million shares
Stock Price: $2.88
Stock Upside: 160.42%
Number of Hedge Fund Holding: 6
SEALSQ Corp (NASDAQ:LAES) is one of the popular penny stocks on Robinhood to buy. On March 24, SEALSQ Corp (NASDAQ:LAES) signed a Letter of Intent (LOI) to acquire 100% of Miraex SA, a photonics-based quantum interconnect company.
According to a press release, the LOI grants SEALSQ a 60-day exclusivity window to conduct confirmatory due diligence and negotiate binding transaction documents. SEALSQ noted that the deal is binding on Miraex’s side. The company expects the acquisition to close by the end of June this year after satisfying all regulatory approvals and customary closing conditions. The transaction will be funded through the SEALSQ Quantum Fund, the company said.
Source: pexels
Miraex’s core technology connects quantum processors to quantum networks. SEALSQ noted that this is one of the most difficult engineering problems in quantum computing. The technology achieves the feat through a Photonic Integrated Circuit platform built on Thin Film Lithium Tantalate. This material enables the conversion of signals between microwave and optical frequencies. This microwave-to-optical transduction is a foundational requirement for any distributed quantum architecture.
SEALSQ CEO Carlos Moreira framed the deal as completing a missing layer in the company’s Quantum Vertical Stack. “Their photonics-based quantum interconnect solutions are not just complementary to our roadmap, they form a critical interconnect layer linking our quantum computing, quantum networking, and post-quantum cryptography capabilities into a more coherent architecture,” Moreira said.
Beyond the immediate stack, SEALSQ expects the acquisition to accelerate its Quantum Spatial Orbital Cloud initiative. This is the company’s flagship program to deploy quantum-secure capabilities across Low Earth Orbit satellites and terrestrial environments.
SEALSQ Corp (NASDAQ:LAES), a subsidiary of WISeKey International Holding Ltd (NASDAQ:WKEY), is a semiconductor company. It designs and manufactures secure microcontrollers and chips for applications in cybersecurity, artificial intelligence, and the Internet of Things. Its products include secure elements, cryptographic chips, and related software solutions that enable authentication and data protection across connected devices.
4. SELLAS Life Sciences Group Inc. (NASDAQ:SLS)
Average Daily Trading Volume: 9.32 million shares
Stock Price: $5.00
Stock Upside: 100.20%
Number of Hedge Fund Holding: 6
SELLAS Life Sciences Group Inc. (NASDAQ:SLS) is one of the popular penny stocks on Robinhood to buy. On March 17, SELLAS Life Sciences Group, Inc. (NASDAQ:SLS) announced that it will present preclinical data on SLS009 at the American Association for Cancer Research annual meeting on April 21, 2026.
SLS009, alternatively known as tambiciclib, is a selective CDK9 inhibitor. Put simply, this is a treatment designed to stop a specific “worker” protein in human cells called CDK9. SELLAS said it will present the data in a poster session. That is, instead of giving a formal speech on the stage at the San Diego Convention Center, the company will only display a printed poster.
The poster, titled “Tambiciclib (SLS009), a CDK9 inhibitor, promotes apoptosis and suppresses MCL-1 levels in AML cell lines,” centers on the drug’s mechanism of action in acute myeloid leukemia, or AML, the company said in a press release statement. According to preclinical data, said SELLAS, SLS009 retained its activity in AML models carrying ASXL1 and TP53 mutations. To the company’s experts, this behavior underscores the drug’s potential to address patient populations that currently have very limited treatment options.
Earlier on March 12, SELLAS enrolled its first patient in a newly diagnosed, first-line AML trial of SLS009 in combination with venetoclax and azacitidine. This came after the FDA guidance that recommended this expansion after the drug met all endpoints in its completed Phase 2 trial in relapsed/refractory (r/r) AML. In the trial, the drug exceeded the pre-specified 20% overall response rate threshold with favorable safety and tolerability.
SELLAS Life Sciences Group Inc. (NASDAQ:SLS) is a clinical-stage biopharmaceutical company that develops cancer immunotherapies. Its lead product candidate is galinpepimut-S, a peptide-based immunotherapy designed to treat hematologic cancers and solid tumors.
3. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)
Average Daily Trading Volume: 10.73 million shares
Stock Price: $2.05
Stock Upside: 168.29%
Number of Hedge Fund Holding: 14
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the popular penny stocks on Robinhood to buy. On March 15, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced that its wholly owned subsidiary BUZZ HPC, is expanding its liquid-cooled AI data center footprint into British Columbia (BC), Canada. The move will quadruple the company’s Canadian critical IT load capacity to a total of 16.6 megawatts through a new colocation partnership with Bell Canada AI Fabric.
The BC expansion will be in two phases. Phase 1 will deliver an immediate 5 megawatts of critical IT load, which will support the deployment of up to 2,000 next-generation, high-power-density, AI-optimized GPUs in the province. Phase 2 will enable HIVE to scale an additional 7.6 megawatts in 2027. This will support a further 3,000 GPUs and bring the total BC potential to 12.6 megawatts and over 5,000 GPUs from that location alone.
The company noted that the BC capacity complements BUZZ’s existing Manitoba facility, which carries 4 megawatts of critical IT load. Of that, 504 next-generation GPUs consuming approximately 1 megawatt are already live. Three megawatts of remaining capacity is available for roughly 1,500 additional GPUs. Combined, HIVE now has a near-term path to deploying over 4,000 GPUs across two Canadian provinces. In the longer-term, the company anticipates to deploy over 6,000 GPUs in Canada.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a blockchain infrastructure company. It operates data centers for cryptocurrency mining and high‑performance computing. Its facilities mine digital assets such as bitcoin and Ethereum using renewable energy sources. They also provide computing capacity for artificial intelligence and other applications.
2. American Bitcoin Corp. (NASDAQ:ABTC)
Average Daily Trading Volume: 13.62 million shares
Stock Price: $0.95
Stock Upside: 321.45%
Number of Hedge Fund Holding: 7
American Bitcoin Corp. (NASDAQ:ABTC) is one of the popular penny stocks on Robinhood to buy. On March 3, American Bitcoin Corp. (NASDAQ:ABTC) announced the purchase of 11,298 new Bitcoin miners. The company expects the miners, also called ASICs, or Application-Specific Integrated Circuits, to add approximately 3.05 Exahash per second (EH/s) of hashing power at an efficiency of around 13.5 Joules per Terahash (J/TH). This will expand the company’s total owned fleet by 12% to 89,242 miners, around 28.1 EH/s of owned capacity.
The company detailed that it will take delivery of the new machines within this month, March 2026. It will deploy the machines, also within this month, at the company’s Drumheller facility in Alberta, Canada. Once online, the active working fleet, which excludes units not yet operational, will reach 58,999 miners delivering roughly 25.0 EH/s at an improved average efficiency of about 14.1 J/TH, the company said in a press release statement. In comparison, the current full-fleet average is approximately 16.0 J/TH, which means the new units are measurably more power-efficient than the existing base.
Eric Trump, the company’s Co-Founder and Chief Strategy Officer, noted that the expansion comes at a moment when many competing mining firms are redirecting capital away from Bitcoin mining. American Bitcoin will not follow this trend, Trump stated. He said: “As Bitcoin matures, the priority is clear: grow American-owned, professionally operated hashrate. That’s how we protect the network, drive innovation, and lead the future of Bitcoin in America.”
American Bitcoin Corp. (NASDAQ:ABTC) is a cryptocurrency mining company that develops and operates facilities for bitcoin production. Its operations focus on industrial-scale mining infrastructure that leverages low-cost energy sources to generate bitcoin efficiently.
1. Bitfarms Ltd. (NASDAQ:BITF)
Average Daily Trading Volume: 35.63 million shares
Stock Price: $2.21
Stock Upside: 130.95%
Number of Hedge Fund Holding: 28
Bitfarms Ltd. (NASDAQ:BITF) is one of the popular penny stocks on Robinhood to buy. On March 20, Bitfarms Ltd. (NASDAQ:BITF) announced that shareholders had voted overwhelmingly to approve a statutory plan of arrangement authorizing the company to move operations back to the US from Canada. The company also received the green light to rebrand as Keel Infrastructure Corp.
The vote was held at a virtual Special Meeting of Shareholders, where the single agenda item was the Arrangement Resolution. This is a special resolution requiring approval by at least two-thirds of votes cast to pass. The resolution cleared that threshold after a positive vote from 99.3% of the votes cast.
The transfer of operations from Canada to the US, called redomiciliation in technical terms, is structured as a statutory plan of arrangement under Canadian law. It enables each existing Bitfarms common share to be exchanged on a one-for-one basis for a share of common stock in Keel Infrastructure Corp. Keel Infrastructure is a newly incorporated Delaware company, and whose ticker will be KEEL on both NASDAQ and the Toronto Stock Exchange, or TSX. Bitfarms anticipates the process will be completed on or about April 1, 2026, after satisfying the courts and other closing conditions.
CEO Ben Gagnon described the vote as the company’s entry into its next phase. He said: “Having conducted a thorough review of potential opportunities to enhance long-term shareholder value over the last year, the Board is confident this transition is the right path forward for our company as we complete our strategic pivot.”
Bitfarms Ltd. (NASDAQ:BITF) is a blockchain infrastructure company that operates data centers for cryptocurrency mining. Its facilities produce bitcoin using hydroelectric power in regions such as Québec, Paraguay, and Washington.
While we acknowledge the potential of BITF 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 BITF and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 10 Robinhood Stocks with High Potential and 15 Best Forever Stocks to Buy Now.
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.
