10 Most Undervalued Bitcoin Mining Stocks to Buy Now

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1. Greenidge Generation Holdings Inc. (NASDAQ:GREE)

Analyst Upside: 391.04%

Number of Hedge Fund Holders: 3

Greenidge Generation Holdings Inc. (NASDAQ:GREE) is a vertically integrated cryptocurrency data center and power generation company. Its cryptocurrency data center operations earn Bitcoins as transaction fees or rewards for supporting the global Bitcoin network via application-specific integrated circuit computers leased or owned by the company. The company reported total revenues of $14.8 million in its fiscal Q4 2024 preliminary results, reflecting an improvement of $2.4 million from fiscal Q3 2024.

As of fiscal Q1 2025, the company holds over 85 bitcoin. It also reduced debt by over $5.2 million of aggregate principal amount through privately negotiated debt-for-equity exchanges, including approximately $3.7 million completed in 2024. Throughout 2024, the company reduced its SG&A expenses by almost $9 million and implemented significant new growth strategies. These included the acquisition and successful build-outs of sites in North Dakota and Mississippi, representing 15MW of additional mining capacity.

Greenidge Generation Holdings Inc. (NASDAQ:GREE) currently holds 119MW of active self-mining, hosting, and power generation across sites in New York, Mississippi, and North Dakota. Investors are bullish on the stock as it expects to add a planned mining capacity of 2.5MW in Q2 2025 and 25MW by Q4 2025, potentially ending the year with a total mining capacity of 146.5MW.

Overall, GREE ranks first among the 10 most undervalued bitcoin mining stocks to buy now. While we acknowledge the potential of bitcoin mining stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GREE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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