Crypto Linked Stocks on Watch as Bitcoin Hits $65,000

Crypto linked stocks are back in focus as Bitcoin surpasses $65,000. The July U.S. inflation print and softer jobs data have risk sentiment pulling in different directions.

Three companies from the Crypto Linked Equities screener stand out: Bitmine Immersion Technologies (BMNR), Exodus Movement (EXOD), and Digi Power X (DGXX).

Bitmine Immersion Technologies is a Las Vegas-based blockchain company that focuses on Ethereum and Bitcoin through treasury holdings, consulting services, equipment leasing, and helping third parties set up power and hosting for crypto mining.

The company generates $61 million in revenue from the U.S. cryptocurrency mining industry and has a market cap of $11.35 billion. It's still loss-making, relies on external funding, and has a short cash runway.