In this piece, we will discuss the 7 Best Blockchain Stocks to Buy Right Now.
As Reuters reported on March 30, 2026, the relevance of blockchain is spreading beyond the domain of mere trading and speculation, with blockchain analytics firm Chainalysis showing that groups linked to Russia and Iran are increasingly using cryptocurrency to fund the purchase of low-cost military drones and their components.
According to the report, pro-Russia groups have been able to raise more than $8.3 million in cryptocurrency donations since Russia’s invasion of Ukraine in 2022, with blockchain researchers tracing transactions ranging from $2,200 to $3,500 that matched specific drone items sold through e-commerce sites.
As Chainalysis’s Andrew Fierman stated, blockchain can help trace counterparties and provide insight into the intentions behind their purchases.
On the other hand, on March 24, 2026, Reuters revealed that the New York Stock Exchange, which is part of Intercontinental Exchange, has partnered with Securitize to assist in the creation of token versions of traditional securities.
As per the collaboration, Securitize would be the first digital transfer agent to be eligible to create blockchain-based versions of the securities on the upcoming digital trading platform affiliated with the NYSE. As stated by NYSE President Lynn Martin, the infrastructure being developed must continue to provide the trust, transparency, and protections that investors expect, showing that blockchain is being seen not just as a means of tracing the flow of assets but also as a means of changing the capital markets themselves.
With this background in mind, we will now move to our list of the 7 best blockchain stocks to buy right now.
blockchain
Methodology
To curate our list of the best blockchain stocks to buy right now, we relied on the screener and financial media to identify companies tied to blockchain technology. Next, we assessed hedge fund sentiment for each stock, ranking them in ascending order by the number of hedge funds holding bullish positions in the respective companies as of Q4 2025.
Note: Data was extracted as of March 30, 2026.
7. Canaan Inc. (NASDAQ:CAN)
Canaan Inc. (NASDAQ:CAN) is included in our list of the 7 best blockchain stocks to buy right now.
As of March 30, 2026, 86% of covering analysts maintain “Buy” ratings for Canaan Inc. (NASDAQ:CAN), signaling positive analyst sentiment. A 408.52% upside potential is implied by the consensus price target of $2.00.
On March 10, 2026, Canaan Inc. (NASDAQ:CAN) disclosed the company’s unaudited February 2026 bitcoin mining update, highlighting the ongoing expansion of its energy-integrated mining technology.
Canaan Inc. (NASDAQ:CAN) reported that it mined 86 bitcoin during the month and ended February with a record treasury of 1,793 BTC and 3,952 ETH, valued at almost $128 million, adjusted for digital assets held by its joint venture. While non-JV operating hashrate was 6.90 EH/s, Canaan Inc. (NASDAQ:CAN)’s deployed hashrate was 14.75 EH/s, including 4.4 EH/s linked to its 49% share in the Alborz, Bear, and Chief Mountain data centers. Additionally, the average all-in electricity cost recorded was $0.044/kWh.
According to CEO Nangeng Zhang, the outcomes show that Canaan Inc. (NASDAQ:CAN)’s energy-focused strategy and U.S. expansion are advancing. The company’s expanding digital asset reserves continue to bolster the balance sheet, he added.
Moreover, Canaan Inc. (NASDAQ:CAN) added 120 MW of power capacity at an average cost of less than $0.03/kWh to its current installed North American capacity of 98.4 MW as part of its recent West Texas expansion.
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.
6. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is among the 7 best blockchain stocks to buy right now.
As of March 30, 2026, 88% of covering analysts remain bullish on HIVE Digital Technologies Ltd. (NASDAQ:HIVE), indicating robust analyst sentiment. Meanwhile, the $5.50 consensus price target implies over 200% upside potential.
The recent analyst update came from Keefe, Bruyette & Woods on March 19, 2026.
Stephen Glagola of Keefe, Bruyette & Woods reduced the price target to $3.00 from $3.50, while keeping a “Market Perform” rating on HIVE Digital Technologies Ltd. (NASDAQ:HIVE). He stated that the New Brunswick colocation lease remains the primary upside catalyst. However, the analyst added that visibility remains limited, prompting the target reduction.
Meanwhile, four days earlier, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced the 4x expansion of its liquid-cooled AI data center capacity, bringing the existing 4 megawatts in Manitoba to 16.6 MW of critical IT load across two Canadian provinces.
According to HIVE Digital Technologies Ltd. (NASDAQ:HIVE), deposits made in 2025 already cover the growth pipeline, so no additional capital expenditures are required to secure this expanded colocation capacity. With a target of 75% HPC EBITDA on new long-term GPU contracts, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) expects to generate $200 million in contracted annualized run-rate revenue by March 31, 2027, and 4,000 GPUs under contracted revenue within six months.
CEO Aydin Kilic emphasized HIVE Digital Technologies Ltd. (NASDAQ:HIVE) secured infrastructure and robust demand to support faster AI cloud growth.
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.
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.
Click to continue reading and see the 5 best blockchain stocks to buy right now.
Disclosure: None. Follow Insider Monkey on Google News.
