2024-03-15 07:16:00 ET
As Bitcoin rises in value, crypto stocks become more attractive investments along the way, benefiting from the rising popularity of cryptocurrency as a whole. But while there has been growth in the past for these types of stocks, they generally have struggled with profitability.
Two stocks, however, have been showing some significant progress on that front. Marathon Digital (NASDAQ: MARA) and Coinbase Global (NASDAQ: COIN) posted strong results lately, which featured not just strong growth but profitable operations as well. Are these safe crypto investments to add to your portfolio?
Marathon Digital is a leading crypto mining company that benefits directly from a higher price of Bitcoin. On Feb. 28, the company reported strong fourth-quarter results for the last three months of 2023, with revenue of $156.8 million up 452% year over year.
For further details see:
These 2 Crypto Stocks Are Growing Fast -- and They're Profitable, Too