October Crypto Stocks: Seven Names to Watch as Trading Volume Climbs
Investors scanning October crypto stocks have a fresh list to work from. MarketBeat's stock screener on Thursday identified seven cryptocurrency-related stocks to watch based on recent dollar trading volume: Galaxy Digital, Bitfarms, HIVE Digital Technologies, Ionic Digital, Soluna, ZenaTech and Digi Power X.
The screen arrives as regulators cleared crypto platforms to continue paying interest-style rewards on certain digital assets, a decision Yahoo Finance reported keeps fresh capital flowing into this corner of the market. That backdrop keeps attention on businesses building the underlying infrastructure of digital finance, from blockchains to payment rails.
Why October crypto stocks are drawing volume
According to MarketBeat, the term covers shares of listed companies whose operations are significantly tied to cryptocurrencies or blockchain technology. They can include exchanges, miners, payment providers and firms that hold digital assets, letting stock market investors gain indirect exposure to the sector without buying tokens directly.
The seven names on the list posted the highest dollar trading volume of any cryptocurrency stocks over the last several days, MarketBeat reported. The group offers varied exposure to the sector, spanning digital-asset financial services, cryptocurrency mining, blockchain infrastructure, data-center hosting and digital-asset management.
Most of the featured firms are miners or infrastructure providers. Galaxy Digital stands apart with broader trading, investment banking, asset management and investment services, while ZenaTech pairs enterprise software and drone technology with cryptocurrency wallets, according to MarketBeat.
Galaxy Digital and the miners on the list
Galaxy Digital Holdings Ltd. is a financial services and investment management company operating in the digital asset, cryptocurrency and blockchain technology sectors. Its segments include Trading, Principal Investment, Asset Management, Investment Banking, Mining, and Corporate and Other, according to MarketBeat.
Bitfarms Ltd. mines cryptocurrency coins and tokens in Canada, the United States, Paraguay and Argentina. It owns and operates server farms that primarily validate transactions on the Bitcoin blockchain, earning cryptocurrency from block rewards and transaction fees, and it also provides electrician services to commercial and residential customers in Quebec, Canada.
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden and Iceland, mining and selling digital currencies including Ethereum Classic and Bitcoin. The company also runs data centers and offers infrastructure solutions, and it was formerly known as HIVE Blockchain Technologies Ltd.
Infrastructure and hosting names round out the screen
Ionic Digital is a digital infrastructure solutions and cryptocurrency mining company, according to MarketBeat. Soluna Holdings, together with its subsidiaries, mines cryptocurrency through data centers and operates through two segments, Cryptocurrency Mining and Data Center Hosting.
Soluna also operates in the blockchain business and develops and builds modular data centers used for cryptocurrency mining. Digi Power X, listed as Digihost Technology Inc., operates as a blockchain technology company focused on digital currency mining in the United States; it was incorporated in 2017 and is headquartered in Toronto, Canada.
ZenaTech, Inc. is an enterprise software technology company developing cloud-based software applications in Canada. Its products include cryptocurrency wallets, enterprise software for the agriculture and medical records industries, safety and compliance management tools, field management software, drone technology solutions and browser-based applications for public safety, according to MarketBeat.
Beyond the screen: other October crypto stocks in focus
The seven names are only a starting point. Yahoo Finance reported that a broader screen surfaced 17 more crypto and blockchain companies with comparable narratives, among them Cipher Digital and Cellebrite DI.
Cipher Digital develops industrial-scale U.S. data centers focused on bitcoin mining, an activity that generated US$191 million, while building high-performance compute hosting for hyperscalers, according to Yahoo Finance. The firm carries a market value of about US$3.7 billion, tying its fortunes closely to crypto-linked infrastructure and making it one of the more pure-play infrastructure picks in that screener.
Yahoo Finance described the company's shift in strategy, writing: The rapid expansion and optimization of production capacity has shifted from adding Bitcoin hash rate to delivering hyperscale AI and high performance computing campuses such as Barber Lake, Black Pearl and Stingray. The report added that Signed leases and active construction are expected to convert gigawatt scale power into contracted rent streams that drive future revenue and net operating income.
Cipher Digital's appeal hinges on how one large, long-dated financial commitment flows through to cash generation and margins, and whether those rent streams outrun power and build costs over time, Yahoo Finance reported.
Forensics and compliance exposure
Cellebrite DI builds digital investigation software that helps agencies interpret complex data trails, with a specific role in untangling cryptocurrency-related financial crime through its forensics and analytics platforms, according to Yahoo Finance. The company generates about US$514 million from internet software and services and has a market value of roughly US$2.9 billion.
For crypto-focused investors, the business matters because its tools sit where digital evidence, blockchain activity and law enforcement needs converge, giving it a direct role in addressing the more complex side of digital assets, Yahoo Finance reported.
MarketBeat noted that Galaxy Digital currently holds a Moderate Buy rating among analysts, though the outlet said top-rated analysts believe five other stocks it tracks are better buys. The outlet did not name those stocks in the alert.
Conclusion
MarketBeat's screener has put seven cryptocurrency-linked names, led by Galaxy Digital and a group of miners and data-center operators, on the watch list for October crypto stocks based on recent dollar trading volume. The regulatory decision allowing platforms to continue paying interest-style rewards on certain digital assets keeps money moving into the sector, according to Yahoo Finance. The next concrete marker for investors is whether Cipher Digital's signed leases and active construction convert gigawatt-scale power into contracted rent streams, and whether those streams outrun power and build costs.
Frequently Asked Questions
Which seven crypto stocks did MarketBeat flag to watch in October?
MarketBeat's stock screener identified Galaxy Digital, Bitfarms, HIVE Digital Technologies, Ionic Digital, Soluna, ZenaTech and Digi Power X as the seven cryptocurrency stocks to watch. The selection was based on these companies posting the highest dollar trading volume of any cryptocurrency stocks within the last several days.
What does Cipher Digital do and how large is it?
Cipher Digital develops industrial-scale U.S. data centers focused on bitcoin mining, which generated US$191 million, while building high-performance compute hosting for hyperscalers. According to Yahoo Finance, the firm has a market value of about US$3.7 billion, tying its fortunes closely to crypto-linked infrastructure.
Why does Cellebrite DI matter to crypto investors?
Cellebrite DI builds digital investigation software with a specific role in untangling cryptocurrency-related financial crimes through its forensics and analytics platforms. Yahoo Finance reported its tools sit where digital evidence, blockchain activity and law enforcement needs converge. It generates about US$514 million from internet software and services, with a market value near US$2.9 billion.
What regulatory decision affects crypto platforms this month?
Regulators gave crypto platforms the green light to keep paying interest-style rewards on certain digital assets, according to Yahoo Finance. The decision keeps fresh capital flowing into this corner of the market and maintains the spotlight on businesses building the infrastructure of digital finance, from blockchains to payment rails.
What is Galaxy Digital's current analyst rating?
Galaxy Digital currently carries a Moderate Buy rating among analysts, according to MarketBeat. The outlet also reported that top-rated analysts believe five other stocks it tracks are better buys, though it did not name those stocks in its alert.