In this article, we will look at the 8 Best Bitcoin Stocks to Buy Now.
On April 20, Mohamed El-Erian, Chief Economic Adviser at Allianz, appeared on CNBC to talk about the market reaction being muted despite geopolitical risk, warnings of higher inflation and lower growth, and a growing disconnect between fundamentals and market behavior.
He stated that the dynamics are, at the same time, both puzzling and understandable. The change relative to Friday in the current circumstances is quite large, as Friday was all about confidence-building measures. The straits were going to be opened, and both sides seemed to be willing to yield a little bit. However, over the weekend, we had a complete turnaround, with Israel renewing attacks on Lebanon and even the talks becoming uncertain.
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El-Erian further stated that he is not surprised that the markets are relatively muted because the markets have been conditioned to expect that this will change again, and that the US will be able to get to a resolution. While he does not know whether that is likely or not, the muted market reaction does not surprise him.
With these broader market trends in view, let’s narrow down to the best Bitcoin stocks to buy now.
Our Methodology
We used the Finviz stock screener to make a list of the best bitcoin stocks and picked the top 8 with the highest number of hedge fund holders, as of Q4 2025. We sourced the hedge fund sentiment data from Insider Monkey’s database.
Note: All data was recorded on April 20.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
8 Best Bitcoin Stocks to Buy Now
8. MARA Holdings, Inc. (NASDAQ:MARA)
MARA Holdings, Inc. (NASDAQ:MARA) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald cut the price target on MARA Holdings, Inc. (NASDAQ:MARA) to $10 from $11 on April 9, reiterating an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy, and in this context, it sees AI infrastructure as “an attractive place to invest”. This holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In a separate development, MARA Holdings, Inc. announced on March 26 that between March 4 and March 25, 2026, the company sold 15,133 bitcoin for an aggregate sale price of approximately $1.1 billion and expects to use the proceeds from the sales to fund the notes repurchase transactions. It added that the remainder would remain available for general corporate purposes.
MARA Holdings, Inc. is a digital asset technology company that mines cryptocurrencies with a focus on the Bitcoin ecosystem. The company also operates bitcoin mining facilities or data centers, offers advisory and consulting services to support bitcoin mining ventures in international and domestic jurisdictions, generates electricity from renewable energy sources to power bitcoin mining, and sells proprietary software or technology to third parties in the bitcoin ecosystem.
7. Bitdeer Technologies Group (NASDAQ:BTDR)
Bitdeer Technologies Group (NASDAQ:BTDR) is one of the best bitcoin stocks to buy now. Bitdeer Technologies Group (NASDAQ:BTDR) announced on April 15 its production and operations updates for March 2026, stating that the company self-mined 661 Bitcoins, reflecting an increase of approximately 480% year over year. It added that the March mining was affected by seasonal factors in Norway and Bhutan, and it expects continued strong momentum in its mining results over the coming months.
Bitdeer Technologies Group further reported that the self-mining hash rate reached ~70 EH/s, reflecting a 504% increase year over year. The company anticipates the hash rate to continue growing for the next several months. Management stated that, driven by accelerating demand from its AI customers, the company’s AI cloud business attained around $43 million in ARR, a 105% increase month over month. Bitdeer Technologies Group is also in negotiations with potential tenants regarding its colocation AI data center in Tydal, Norway, and it expects to close these agreements in the near term.
Bitdeer Technologies Group is a technology company specializing in blockchain and computing, offering hash rate sharing solutions, including Cloud hash rate and one-stop mining machine hosting solutions for efficient cryptocurrency mining.
6. Cipher Digital Inc. (NASDAQ:CIFR)
Cipher Digital Inc. (NASDAQ:CIFR) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald cut the price target on Cipher Digital Inc. (NASDAQ:CIFR) to $22 from $24 on April 9, reiterating an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In such a context, it considers AI infrastructure to be “an attractive place to invest”, given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor added that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In a separate development, Cipher Digital Inc. announced on March 25 the execution of its third data center campus lease, stating that the agreement is for an initial term of 15 years with an investment-grade Hyperscale tenant. The terms of the agreement stated that the company would develop and deliver a new HPC data center at one of its existing sites.
Cipher Digital Inc. develops and operates bitcoin mining data centers. It operates bitcoin mining data centers in Texas through its subsidiaries, including Cipher Mining Technologies Inc. The company specializes in industrial-scale Bitcoin mining and is dedicated to enhancing and fortifying the critical infrastructure of the Bitcoin network in the US.
5. IREN Limited (NASDAQ:IREN)
IREN Limited (NASDAQ:IREN) is one of the best bitcoin stocks to buy now. Freedom Capital initiated coverage of IREN Limited (NASDAQ:IREN) with a Hold rating on April 1, setting a price target of $36. The firm stated that although it sees potential upside in the stock to $43 within the next two years as the company completely converts its crypto mining capacity to serving AI customers, that may prove to be a lengthier process than has been promised, and one that adds execution risk. Freedom Capital further told investors that it prefers other covered names among neoclouds and their supporting companies, at least for now.
IREN Limited also received a rating update from Cantor Fitzgerald on April 9. The firm cut the price target on the stock to $61 from $82 and reiterated an Overweight rating on the shares, telling investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In this context, it sees AI infrastructure as “an attractive place to invest”. This holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
Formerly known as IREN Limited, IREN Limited is an Australia-based company that owns and operates renewable energy-powered data centers. Its facilities are specially optimized for Bitcoin mining, AI cloud services, and other power-dense computing.
4. Riot Platforms, Inc. (NASDAQ:RIOT)
Riot Platforms, Inc. (NASDAQ:RIOT) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald cut the price target on Riot Platforms, Inc. (NASDAQ:RIOT) to $20 from $29 on April 9, reiterating an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In such a context, it considers AI infrastructure to be “an attractive place to invest”, given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor added that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In its Bitcoin production and operations updates for fiscal Q1 2026 released on April 2, Riot Platforms, Inc. reported that it produced 1,473 Bitcoin in the quarter, down 4% quarter-over-quarter from 1,530 Bitcoin produced in fiscal Q1 2025. The average Bitcoin produced per day in fiscal Q1 2026 was 16.4, down from 17.0 in the prior year period.
Riot Platforms is a Bitcoin mining and digital infrastructure company. It operates Bitcoin mining operations in Kentucky and central Texas, along with electrical switchgear engineering and fabrication operations in Denver. The company is divided into two segments: Bitcoin Mining and Engineering.
3. TeraWulf Inc. (NASDAQ:WULF)
TeraWulf Inc. (NASDAQ:WULF) is one of the best bitcoin stocks to buy now. Oppenheimer lifted the price target on TeraWulf Inc. (NASDAQ:WULF) to $25 from $20 on April 20, reaffirming an Outperform rating on the shares. The rating update came after the company’s preliminary fiscal Q1 results, with the firm noting that revenue expectations of $30M-$35M were a bit soft, as was EBITDA of $0M-$3M. It reiterated that near-term financial results are secondary to executing against its aggressive build plan, which remains on track with the on-schedule completion of the CB-2 facility at Lake Mariner.
TeraWulf Inc. also received a rating update from Roth Capital on April 17, with the firm lifting the price target on the stock to $32 from $26 while maintaining a Buy rating on the shares. The firm considers a lease for the Kentucky campus as “the next major catalyst” for the company. And stated that recent talks have suggested that a Hawesville lease is “very much in advanced negotiations”. Roth Capital added that it would expect a lease announcement in the next two to three months, and estimated that the site could add about $5.70 per share in net present value or more.
TeraWulf Inc. operates and owns data center infrastructure specifically designed for high-performance computing and Bitcoin mining. It primarily leverages environmentally sustainable and zero-carbon energy sources, such as hydroelectric and nuclear power, to power its Bitcoin mining and other operations.
2. Hut 8 Corp. (NASDAQ:HUT)
Hut 8 Corp. (NASDAQ:HUT) is one of the best bitcoin stocks to buy now. Cantor Fitzgerald raised the price target on Hut 8 Corp. (NASDAQ:HUT) to $80 from $68 on April 9, reaffirming an Overweight rating on the shares and stating that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy. In this context, it sees AI infrastructure as “an attractive place to invest”, and this holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In another development, Arete initiated coverage of Hut 8 Corp. with a Buy rating on March 23, setting a price target of $136. It told investors in a research note that the company’s 15-year River Bend lease comes with a full backstop of rent payments from Google, 99% margin on a triple-net lease, with full pass-through, yielding an average of $454M in annual operating income.
Hut 8 Corp. is a bitcoin miner and a vertically integrated operator of large-scale energy infrastructure. It acquires, builds, designs, and operates data centers to power compute-intensive workloads, such as bitcoin mining. Its operations are divided into four business segments: Digital Assets Mining, Managed Services, High Performance Computing-Colocation and Cloud, and Other.
1. Core Scientific, Inc. (NASDAQ:CORZ)
Core Scientific, Inc. (NASDAQ:CORZ) is one of the best bitcoin stocks to buy now. On April 9, Cantor Fitzgerald raised the price target on Core Scientific, Inc. (NASDAQ:CORZ) to $29 from $25, maintaining an Overweight rating on the shares. The firm told investors that it believes the world is heading toward the proliferation of AI across nearly every sector, business, and economy, and in this context, it sees AI infrastructure as “an attractive place to invest”. This holds especially true given that investors are somewhat agnostic to which AI app or AI model emerges victorious. Cantor also stated that it envisions a persistent supply/demand imbalance for the next five-plus years that caters to pricing remaining strong.
In a separate development, Core Scientific, Inc. announced on March 23 that it closed an additional $500 million commitment provided by JPMorgan Chase Bank, N.A. under the accordion feature of the Company’s previously announced 364-day credit facility. Management added that this brings total funded commitments under the Facility to $1.0 billion, including the previously announced $500 million commitment from Morgan Stanley.
Core Scientific, Inc. operates digital infrastructure for Bitcoin mining and high-performance computing. It operates specialized, purpose-built facilities for digital asset mining. The company leverages its own fleet of computers, called miners, to earn Bitcoin for its own account, and also provides hosting services for Bitcoin mining and high-performance computing customers at several US-based operational data centers.
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