In this article, we will look at the 8 Best Crypto Penny Stocks to Buy Now.
Crypto penny stocks sit at the speculative end of the market, but the backdrop for crypto-linked equities has improved as digital assets move further into regulated products, institutional portfolios, payments, and tokenized markets.
Grayscale says crypto is seeing “deepening integration of public blockchains with traditional finance” and “fueling long-term capital inflows.” That suggests the investment case is no longer only about retail speculation. Bitwise adds that “Roughly one-third (32%) of advisors invested in crypto” in client accounts in 2025 and that “Crypto equity ETFs continue to be advisors’ top choice.” In summary, the listed crypto companies are becoming one of the cleaner ways for traditional investors to ride the theme. VanEck gives a more specific public-company angle, noting that “US public miners are pivoting to AI” as “power capacity moves to AI hyperscalers” under longer-term arrangements. That points to a second driver for some miners: energy infrastructure and data center optionality, not just Bitcoin production.
For investors looking for smaller listed companies tied to crypto adoption, mining, trading, and infrastructure, the group deserves a closer look. With that in mind, let’s take a look at the 8 Best Crypto Penny Stocks to Buy Now.
Our Methodology
We used the Finviz screener to identify crypto stocks that are trading below $5 per share and belong to the small-cap space. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
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. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
8. BTCS Inc. (NASDAQ:BTCS)
On July 1, 2026, BTCS Inc. (NASDAQ:BTCS) announced the appointment of Chris Janis to its Board of Directors. Janis was also appointed Chairperson of the Audit Committee and a member of the Compensation Committee. BTCS said the appointment supports its governance structure with financial oversight and risk management expertise. Janis brings more than 35 years of experience across public accounting, consulting, and executive financial leadership. Janis joined PwC in 2011 and served as a Partner in the firm’s Cyber, Risk & Regulatory Practice from 2015 until retiring in June 2026. Before PwC, Janis also served as CFO in the telecommunications and technology sectors, working on mergers and acquisitions, complex financings, and corporate restructurings.
In mid-May, BTCS reported Q1 2026 total revenue of $2.1 million, up 27% from $1.7 million in Q1 2025, driven by the addition of Imperium DeFi revenues. Gross profit rose 745% to $1.0 million, or a 47% margin, compared with $0.1 million, or a 7% margin, in Q1 2025. CEO Charles Allen said the quarter showed the “power of our business model,” pointing to Imperium’s contribution to revenue and profit margin.
BTCS Inc. (NASDAQ:BTCS) provides blockchain infrastructure services in the United States.
7. BitFuFu Inc. (NASDAQ:FUFU)
On June 22, 2026, BitFuFu Inc. (NASDAQ:FUFU) announced that its Board of Directors approved a share repurchase program. Under the program, BitFuFu may repurchase up to $5M worth of its Class A ordinary shares, par value $0.0001 per share, during a 24-month period starting from June 24.
On June 9, BitFuFu announced unaudited Bitcoin production and operational metrics for May. The company produced 177 BTC, up 22.1% month-over-month. Chairman and CEO Leo Lu said the “more significant story” was the shift in production mix, as self-mining output rose to 90 BTC in May from 32 BTC in April and accounted for more than half of total production.
Lu said BitFuFu viewed the current Bitcoin price environment as an attractive long-term accumulation opportunity and shifted resources toward self-mining to build Bitcoin holdings. BitFuFu’s Bitcoin holdings grew to 1,855 BTC, while Lu pointed to the company’s ability to dynamically reallocate hashrate between self-mining and cloud mining as a “key competitive advantage.”
BitFuFu Inc. (NASDAQ:FUFU) provides digital asset mining solutions in North America, Asia, Africa, Oceania, Europe, and internationally.
6. Canaan Inc. (NASDAQ:CAN)
On June 24, 2026, Canaan Inc. (NASDAQ:CAN) announced that chairman and CEO Nangeng Zhang and CFO Jin “James” Cheng recently purchased additional shares of the company’s stock in the open market. The purchases complied with Canaan’s internal trading policies and applicable securities regulations. Zhang and Cheng together acquired 1,065,000 American Depositary Shares at an average price of 35c per ADS.
On June 11, Canaan released its unaudited bitcoin mining update for the month ending May 31. The company reported cryptocurrency holdings of 1,867 BTC and 3,952 ETH, with non-JV installed hashrate of 10.05 EH/s. Zhang said mining operations delivered “solid results” in May, with self-mining operations producing 90 BTC and another 24 BTC coming from customer payments.
Canaan ended the month with 10.05 EH/s of installed hashrate and 6.47 EH/s of operating hashrate. Its North American self-mining fleet achieved an average efficiency of 17.9 J/TH, representing its best regional fleet performance to date and an ~11% YoY growth, while global average mining efficiency was 23.7 J/TH, a 13.5% improvement YoY. Joint venture operations generated approximately 45 BTC during May, nearly matching April’s production despite wildfire-related disruptions at the Alborz site.
Canaan Inc. (NASDAQ:CAN) engages in the research and development, design, and sale of integrated circuits, bitcoin mining equipment, and related components.
While we acknowledge the potential of CAN 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 CAN and that has 100x upside potential, check out our report about the cheapest AI stock.
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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