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3 Blockchain Stocks to Buy Now: Q2 Edition
Applied Digital Applied Digital (US:APLD) InvestorPlaceยท2024-04-22 16:04

Group 1: Blockchain Stocks Overview - Blockchain stocks provide a diversified exposure to the cryptocurrency market, allowing investors to avoid regulatory and liquidity issues associated with direct cryptocurrency investments [1] - The upcoming Bitcoin halving event is expected to drive interest in blockchain stocks, making it a strategic time for investment [1] Group 2: Mastercard (MA) - Mastercard is leveraging blockchain technology to enhance financial transactions, focusing on security and efficiency through strategic partnerships [2] - The company's Provenance solution aims to increase transparency across industries, while its Start Path program supports blockchain startups [2] - Mastercard continues to show double-digit growth in its business and has maintained a growing dividend for 17 consecutive years [3] Group 3: CleanSpark (CLSK) - CleanSpark is a leading Bitcoin miner, planning to double its operational hash rates to 20 EH/s by mid-2024, positioning itself well for the upcoming halving event [4] - The company aims to secure 160,000 S21 miners to achieve a new standard of 50 EH/s, enhancing mining efficiency and investor confidence [5] - CleanSpark's proactive strategy is expected to capitalize on the anticipated post-halving bull market [5] Group 4: Applied Digital Corporation (APLD) - Applied Digital focuses on high-capacity computing and AI, recently selling its BTC mining campus to concentrate on data centers [6] - The company has experienced triple-digit sales growth and is projected to grow sales by over 200% in the coming years [6][7] - The rebranding from Applied Blockchain to Applied Digital signifies a strategic shift to dominate the data center space, aligning with the growing demand for advanced computing infrastructure [7]