US Crypto Stocks to Keep an Eye On This Week
The final days of August saw a cooling off in the crypto markets, with global market capitalization dropping by 6% and trading activity slowing down. However, certain US crypto stocks defied the trend, delivering strong performances and becoming noteworthy picks for investors this week. If you are exploring investment opportunities in the crypto sector, here are three stocks to keep on your radar.
1. Bitdeer Technologies (BTDR)
Bitdeer (BTDR) emerged as a standout performer early this week, closing Monday’s session at $14.29, a 4.46% increase. The surge came after the company released its unaudited Q2 results. Revenue for Q2 2025 came in at $155.6 million, a notable jump from $99.2 million in the previous year. However, rising operating expenses have reduced margins, as the cost of revenue almost doubled to $142.8 million, leaving the company with a gross profit of $12.8 million.
Despite these challenges, BTDR stock can experience heightened levels of volatility. Pre-market trading on Monday had BTDR at $13.98. If demand increases, the stock could rise to the $14.77 resistance level. Conversely, a decrease in demand might see it fall to $13.57.
2. Iris Energy (IREN)
Iris Energy (IREN) made waves recently, closing at $26.45 on Monday, a gain of 14.8%. Investors are showing excitement about the company’s partnership with NVIDIA. On August 28, Iris Energy announced it had achieved NVIDIA Preferred Partner status and purchased 1,200 additional air-cooled and liquid-cooled NVIDIA GPUs for a $168 million investment. With over 10,900 GPUs in its arsenal, Iris Energy has significantly expanded its computing capacity.
In pre-market trading, IREN was priced at $26.13. If selling pressure continues, the stock could dip to $25.62, while positive demand may favor a rally to $29.50. This significant partnership with NVIDIA positions Iris Energy as a frontrunner in sustainable crypto mining, appealing to eco-conscious investors.
3. Hut 8 Mining (HUT)
Hut 8 Mining (HUT) closed Monday at $26.73, experiencing a modest 0.83% gain. The company recently unveiled plans to expand its energy infrastructure by building four new sites across the US. With the new developments, Hut 8 aims to elevate its capacity to manage over 2.5 gigawatts across 19 facilities, making it one of the most advanced players in the crypto mining space.
Pre-market trading on Monday saw Hut 8’s shares priced at approximately $26. If selling continues, the price could drop below $24.74, but growing demand might push the stock toward $27.40 and beyond.
Why Monitoring Crypto Stocks Matters
As the world of cryptocurrencies evolves, keeping track of emerging technologies and partnerships within the ecosystem can be incredibly rewarding. While crypto markets remain volatile, stocks tied to blockchain, mining, and related technologies offer a relatively stable entry point for investors keen on this dynamic sector. When investing, it’s essential to conduct thorough research and consider consulting with financial professionals for guidance.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Perform your research and seek professional consultation before making investment decisions.
