Top 15 Bitcoin Mining Stocks to Buy Amid Bitcoin Hike

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12. BitFuFu Inc. (NASDAQ:FUFU)

Number of Hedge Fund Holders: 9

BitFuFu Inc. (NASDAQ:FUFU) is one of the top bitcoin mining stocks to buy amid bitcoin hike. On July 18, B. Riley initiated coverage of BitFuFu Inc. (NASDAQ:FUFU) with a Buy rating and $7.31 price target.

The rating followed a virtual meeting between BitFuFu Inc. (NASDAQ:FUFU) and B. Riley held on July 17, hosted by B. Riley. The firm told investors in a research note that BitFuFu Inc. (NASDAQ:FUFU) is a bitcoin mining company offering cloud mining services to a range of customers.

It justified its optimistic outlook by stating that BitFuFu Inc. (NASDAQ:FUFU) has an expanding self-mining footprint and is focusing on growing its ownership of power infrastructure in the coming quarters.

The firm also reasoned that BitFuFu Inc. (NASDAQ:FUFU) boasts a leadership position in cloud mining, a scalable platform, and a diversified revenue model.

BitFuFu Inc. (NASDAQ:FUFU) provides digital asset mining and cloud mining services. It functions through an array of stable and intelligent digital asset mining solutions, including one-stop cloud mining services and miner hosting services to individual digital asset enthusiasts and institutional customers. The company also offers a compliant, secure, and transparent blockchain infrastructure.

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