According to cryptocurrency experts, 2022 will be another wild year for the cryptocurrency market, where the market will experience highs and lows. However, 2022 is another year where you can start to make money online with bitcoin and other cryptocurrencies. 

The best way to make money with cryptocurrency is through mining software and hardware. But the mining procedure is quite complicated. Therefore, we recommend investing in a crypto mining stock to minimize risk and maximize profits. 

Here are the top crypto mining stocks for the first quarter of 2022. 

Popular Crypto Mining Stocks

According to news reports, crypto mining stocks have returned 39.3% of the investment money in the last 12 months, exceeding the performance of the traditional stock market. With the rising popularity of cryptocurrency, the crypto market is filled with various crypto mining stocks. However, this doesn’t mean that you should invest in just any stock with a fancy name or large market share. 

The biggest stock names in the crypto mining industry are Riot Blockchain Inc., Marathon Digital Holdings Inc., and HIVE Blockchain Technologies Ltd. These create a stabilized crypto market, and you can invest in them for guaranteed results. However, going for the safest option isn’t always the best choice, and you should look into crypto mining stocks with better potential in the future, which we’ll discuss further down this list. 

Crypto Mining Stocks with The Best Value 

Some crypto mining stocks have the best value and the lowest 12-month price-to-sales ratio. For cryptocurrency novices, let us explain the price to sale ratio first. In the price-to-sales ratio, the investors calculate how much money is generated on the stocks for each dollar you’re paying. Therefore, crypto mining stocks with the lowest price-to-sales ratio means that you get the best return value.

BIT Mining Ltd.

The first crypto mining stock with the best value is the Hong Kong-based company BIT Mining. Apart from offering crypto mining stocks, the company also has a mining pool and a data center. Moreover, it also owns the popular cryptocurrency browser BTC.com. In mid-November of 2021, BIT Mining Ltd. showed their 2021 Q3 financial results, where the company’s net loss was $41.7 million. This result was a huge improvement from the 2020 Q3 financial results, where the company had a net loss of $6.3 million. 

Canaan Inc.

Do you know that the Chinese provinces of Sichuan and Yunnan are responsible for almost 40% of the world’s bitcoin mining? Therefore, it comes as no surprise that a China-based crypto mining company, Canaan Inc., made our list of the best-value crypto mining stocks for Q1 2022. Moreover, this company also provides software services, including designing and manufacturing high-performing bitcoin chips. 

Crypto Mining Stocks with The Fastest Growth 

As the heading suggests, these crypto mining stocks had the highest year-over-year sales growth in the third quarter of 2021. However, having the fastest growth doesn’t mean that these companies provide profit; instead, investors know that these companies will be able to generate revenues from other means. Scroll down to read the list. 

Hut 8 Mining Corp.

This Canada-based crypto mining company uses specialized equipment to solve bitcoin computational problems. In their recent release at the end of 2021, the company representatives said that they mined a total of 265 bitcoins in November 2021, which is far more than any other company. This means that they approximately mined 8.8 bitcoin per day. 

Bit farms Ltd.

Another Canada-based crypto mining is also known for its fast-growing stocks. However, the company also provides other services like data analytics and electrical engineering manufacturing. 

Crypto Mining Stocks with Fast Rising Prices

Apart from investing in a company based on fast growth and best value, you can also invest in crypto mining stocks with the best momentum. But what exactly does momentum mean? In the financial world, momentum investing is a strategy where people invest in stocks whose prices have increased faster than the prices in the market. Therefore, momentum investors believe that investing in crypto mining stocks with the highest momentum is the best option, as they’ll continue to outshine the market in the future. 

Marathon Digital Holdings Inc.

At the end of 2021, Marathon Digital Holdings Inc. representatives announced the financial results for the third quarter of 2021. In the results, the company’s net loss increased to $22.2 million from $2.0 million in the third quarter of 2022. This means that the revenue increased almost 62 times compared to last year’s revenue, creating a market outperforming record. 

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Follow Crypto News and Market Guides for Beginners

However, before investing in any stock, we recommend researching on your own, as financial decisions involve risk. For a further expert guide to cryptocurrency basics, you can visit Urban Crypto, a beginner’s site for crypto news and industry insights. Moreover, they can also teach you how to stake in cryptocurrency, an important element of cryptocurrency investment. 

Check out their website to invest in cryptocurrency beginners’ guide, and earn maximum profit in 2022!