The cryptocurrency market is facing a downturn after reaching a new all-time high on the day of President Trump’s inauguration. Early Friday morning, Bitcoin dropped below $80,000. But it’s not just cryptocurrencies taking a hit—Coinbase Global (NASDAQ: COIN), the largest cryptocurrency exchange, also saw its stock fall, trading near a 50-day low of around $211 per share.
While crypto rates often up and down, this could be a good time for investors to explore other blockchain-related opportunities. Here are four stocks that offer exposure to blockchain technology beyond just Coinbase’s trading platform.
MARA Mines Bitcoin, Record Earnings
MARA Holdings (NASDAQ: MARA) surprised analysts with its latest earnings report, posting earnings of $1.24 per share instead of the expected loss of $0.32 per share. Despite this strong performance, MARA’s stock is still near its lowest price in the past year, now showing a positive price-to-earnings (P/E) ratio of 17.62.
Like other crypto-related stocks, MARA’s share price has dropped due to the ongoing cryptocurrency market decline. However, analysts believe this dip won’t last long. They predict MARA’s stock could rise by 83.48%, nearly double the 45% potential increase expected for Coinbase (COIN). Additionally, MARA’s earnings are projected to grow another 18.84% next year, setting the stage for another record-breaking report.
CORZ Steadily Rises Toward Positive EPS Estimates
Core Scientific NASDAQ: CORZ is another digital asset mining company that has had a more recent market introduction than MARA. Following a rough year of negative EPS reports, CORZ is approaching a positive EPS value again, reporting earnings of $0.01 per share on February 26th. This is significantly higher than the company’s anticipated EPS of $0.10 per share, indicating increasing profits.
Analyst predictions for CORZ are solid, with the company holding a solid “Buy” rating and an anticipated price upside of 72.64%. Ownership trends are equally as positive for this stock, with institutional investors snatching up more than $950 million in shares in the last quarter alone. With a one-year 188% increase in share prices, the current dip to $11 per share could be an exceptional value for growth investors.
CIFR Brings a Potential 100% Analyst Estimated Upside
Despite the recent struggles in the crypto market, Cipher Mining (NASDAQ: CIFR) is showing strong growth. The company posted earnings of $0.06 per share, beating expectations of – $0.10 per share—a surprising 160% increase. However, short interest in the stock has also risen by 16.45% over the past month.
While Cipher Mining is a high-risk, high-reward investment, institutional investors seem confident in its future. In the last quarter, big investors bought $546 million worth of CIFR shares, while selling only $23 million. This is a huge jump from Q3, when they purchased just $33 million in shares—showing growing optimism.
Analysts also support this outlook, giving CIFR a Buy rating. Their price target for the next year is $8.31 per share, which would be a 107% increase from its current price.
Bitdeer Technologies Group Maintains a Buy Rating, Plenty of Upside Potential
Bitdeer Technologies Group (NASDAQ: BTDR), a company providing mining data center services and hash solutions, is holding strong despite the downturn in the blockchain market. Analysts expect its stock to rise by 74%, predicting a price of $21.18 within a year.
Large investors are backing this outlook, with institutional purchases reaching $319 million in Q4, far outweighing the $44 million in sales. This is a significant jump from the previous quarter’s $12 million in purchases. However, investors should be aware that short interest has risen by 9.6% in the past month, signaling some market skepticism.
