Bitcoin has gained 109% so far this year, and TipRanks has revealed three crypto mining companies to watch. According to the platform, these are Strong Buy stocks with strong upside potential.

Hut 8 Mining Company
Hut 8 Mining is one of North America’s pioneers in mass scale mining. It focuses on Bitcoin and Ethereum mining and provides investors with easy access to the crypto market. The hash rate for BTC is 2.5E/H PH/s and for ETH 1,600 GH/s. Hut 8 uses a combination of high-end ASIC and GPU mining equipment to stay ahead of the competition.

Riot Blockchain (RIOT)
Riot Blockchain is the largest Bitcoin miner in the US. It focuses on improving hash rate and infrastructure capacity. Currently, Riot consumes 73 megawatts of power in its mining operations. It has a hash rate of 2.2 exahash per second and an efficiency rating of 30.1 W/TH. This company’s stock also receives a Buy rating from Brendler and four other analysts. The stock has the potential for a 71% year-on-year increase with shares selling for $27.22 and an average price target of $46.60.

Argo Blockchain (ARBK)
Argo Blockchain is a London-based crypto miner with facilities in Quebec and Texas. They operate world-class 45-megawatt Bitcoin mining servers in North America and have a hash rate of 1075PH, ranking them among the top 0.7% of Bitcoin miners in the world. They earned $112.5 million in gross revenue after being listed on the NASDAQ.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.