What if your "blockchain strategy" wasn't really about crypto at all—but about how your business participates in the next phase of digital capital markets, data infrastructure, and enterprise technology?
That is the deeper story behind the blockchain stocks flagged by MarketBeat's stock screener for December 7th and updated on December 9, 2025: Core Scientific (CORZ), Figure Technology Solutions (FIGR), Bitdeer Technologies Group (BTDR), Globant (GLOB), and Digi Power X (DGXX).
Rather than a single theme, these names map to three very different transformation plays—each with distinct risk, revenue, and sensitivity to crypto cycles.
From "crypto play" to digital infrastructure thesis
MarketBeat highlights these companies because they've posted some of the highest dollar trading volume among blockchain-linked stocks in recent days, surfacing them as near‑term investment opportunities via its stock screener and financial analysis tools.[1][3]
But "blockchain stocks" is not an official sector. It is a shorthand investors use for public companies whose business models, products, services, or balance sheets are materially tied to:
- Cryptocurrency mining and digital asset mining
- Blockchain technology and blockchain infrastructure
- Crypto‑linked data centers and hosting services
- Blockchain‑based capital markets and enterprise solutions[1][3]
The result: similar labels, very different underlying businesses—and very different implications for your portfolio or your strategy.
1. Core Scientific (CORZ): industrial crypto miners as digital utilities
Core Scientific, Inc. operates in North America and splits its business into a Mining segment and a Hosting segment.[1][3]
- It runs large‑scale data center facilities optimized for digital asset mining.
- It mines cryptocurrencies on its own balance sheet.
- It provides hosting services for other crypto miners, handling deployment, monitoring, troubleshooting, optimization, and maintenance of their mining equipment.[1][3]
From a business lens, Core Scientific is less a speculative crypto play and more a specialized digital infrastructure provider whose revenue is tied to hash rate, energy economics, and customer demand for outsourced mining.
Thought‑provoking angle:
Are companies like Core Scientific the next generation of "digital utilities"—where the real asset is not the coin, but the specialized infrastructure that secures decentralized networks?
2. Figure Technology Solutions (FIGR): blockchain as a new operating system for capital markets
Figure Technology Solutions is building blockchain-based technology for the future of capital markets.[1]
Its proprietary platform underpins next‑generation lending, trading, and investing across consumer credit and digital assets, using a blockchain ledger to:
- Boost speed and efficiency in transaction processing
- Improve standardization across products
- Enhance liquidity for traditionally illiquid assets[1]
This is blockchain infrastructure aimed squarely at how money moves, how assets are issued, and how risk is managed.
Thought‑provoking angle:
If blockchain becomes the default record‑keeping layer for capital markets, will firms like Figure become the new "middleware" between traditional finance and tokenized assets?
3. Bitdeer Technologies Group (BTDR): industrialized hash rate and mining-as-a-service
Bitdeer Technologies Group describes itself as a technology company for blockchain and computing.[1][3]
It operates on three fronts:
- Hash rate sharing via Cloud hash rate and a hash rate marketplace
- A one‑stop mining machine hosting solution—deployment, management, and maintenance for cryptocurrency mining
- Direct self‑mining for its own account[1][3]
Where Core Scientific looks like a vertically integrated operator, Bitdeer leans into marketplaces for hash rate—effectively turning network security into a tradeable, service‑based commodity.
Thought‑provoking angle:
When hash rate itself becomes a product, is that the early shape of a new asset class—"compute liquidity" that can be priced, traded, and hedged like power or bandwidth?
4. Globant (GLOB): enterprise blockchain buried inside a broader tech transformation stack
Globant S.A. provides global technology services, positioning blockchain not as a standalone bet, but as part of a broader digital transformation toolkit.[1]
Its portfolio includes:
- Blockchain, cloud technologies, cybersecurity
- Data and artificial intelligence
- Digital experience and performance, code, Internet of Things, and metaverse
- Enterprise tech solutions around AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow[1]
In other words, Globant monetizes blockchain technology by embedding it into enterprise solutions and complex modernization programs.
Thought‑provoking angle:
If blockchain quietly disappears into the enterprise stack—alongside AI, IoT, and cloud—will the most durable "blockchain stocks" be those where blockchain is invisible but indispensable to the digital experience?
5. Digi Power X (DGXX) / Digihost Technology Inc.: focused mining in a volatile asset class
Digi Power X (DGXX), operating as Digihost Technology Inc., is a blockchain technology company focused on digital currency mining in the United States, with corporate roots in Toronto, Canada.[1]
Its business is more concentrated:
- It mines cryptocurrency as its primary activity.
- Its fortunes are tightly coupled with crypto market performance and mining economics.
Thought‑provoking angle:
In a world of complex blockchain value chains, is there still a place for "pure‑play" miners—or does long‑term resilience require moving up the stack into services and infrastructure?
Why "blockchain stocks" is a dangerous simplification
MarketBeat explicitly cautions that "blockchain stocks" is a broad shorthand, not an official sector.[1]
Behind the label, you are dealing with:
- Different revenue drivers (transaction fees, hosting contracts, consulting, software, self‑mining)
- Different risk profiles (regulation, energy prices, customer concentration, crypto price sensitivity)
- Different links to digital assets (direct coin exposure vs. fee‑based technology services)
So while these names share elevated trading volume and thematic exposure to blockchain technology, each demands its own financial analysis, risk assessment, and strategic thesis.
Thought‑provoking angle:
If your investment committee or board is treating "blockchain" as a single risk bucket, what second‑order risks and opportunities are you missing across infrastructure, software, and capital markets?
The analyst paradox: Core Scientific is hot, but not necessarily "best"
Although Core Scientific (CORZ) attracts strong attention and carries a Moderate Buy rating from Wall Street analysts, MarketBeat notes that there are five stocks top analysts prefer over Core Scientific right now.[1]
This creates an interesting paradox:
- High dollar trading volume and thematic appeal as a digital asset mining and hosting leader
- Yet some analysts believe other names offer better risk‑adjusted upside, even within the same blockchain stocks universe[1]
Thought‑provoking angle:
Are you over‑weighting narrative (Bitcoin, mining, hash rate) and under‑weighting the subtler, recurring‑revenue stories in enterprise blockchain and capital markets infrastructure?
Strategic questions for business leaders and investors
If you are a business leader, board member, or allocator thinking about blockchain infrastructure and digital assets, these five companies are less a "buy list" and more a strategic map.
Questions worth discussing with your team:
- Are you treating crypto miners, blockchain infrastructure providers, and enterprise technology services as distinct strategic categories, or lumping them into one "crypto" bucket?
- Where do you see more durable value: in digital asset mining, in hash rate and hosting services, or in blockchain-based capital markets and enterprise solutions?
- How might partners like Apollo.io or Make.com fit into your broader cloud technologies, AI, and capital markets roadmap?
- If MarketBeat's rising trading volume highlights where speculative capital is flowing, where should your long‑term strategic capital go instead?
The real opportunity may not be to chase the latest blockchain stocks, but to understand how each of these business models previews the next architecture of capital markets, data centers, and enterprise technology—and then position your organization accordingly.
For businesses looking to implement their own workflow automation strategies, the infrastructure lessons from these blockchain companies become particularly relevant. Whether you're exploring smart business technologies or considering digital transformation initiatives, understanding how these companies monetize infrastructure versus speculation offers valuable insights for your own technology investment decisions.
What does the shorthand "blockchain stocks" refer to?
"Blockchain stocks" is an informal label investors use for public companies whose business models, products, services, or balance sheets are materially tied to blockchain and crypto-related activities—examples include cryptocurrency miners, blockchain infrastructure providers, crypto-linked data centers/hosting services, and firms building blockchain solutions for capital markets and enterprise use. For businesses exploring advanced automation strategies, understanding these technology infrastructure investments can inform strategic decision-making around emerging tech adoption.
Why is labeling a company a "blockchain stock" potentially misleading?
The label conflates very different business models and risk profiles. Companies grouped under "blockchain" may earn revenue from self-mining, hosting contracts, software/platform fees, or consulting. Their sensitivities to crypto prices, energy costs, regulation, and recurring revenue differ substantially—so treating them as one homogeneous sector can obscure key investment and strategic differences. This complexity mirrors challenges businesses face when evaluating technology platforms for their own operations.
Which five companies did MarketBeat flag in early December 2025 and why?
MarketBeat highlighted Core Scientific (CORZ), Figure Technology Solutions (FIGR), Bitdeer Technologies Group (BTDR), Globant (GLOB), and Digi Power X / Digihost Technology Inc. (DGXX) due to elevated dollar trading volume and thematic exposure to blockchain-related infrastructure and services as identified by its stock screener. These companies represent diverse approaches to technology infrastructure, similar to how modern businesses must choose between comprehensive business suites and specialized solutions.
What is Core Scientific (CORZ) and how does it generate revenue?
Core Scientific operates large-scale data centers optimized for digital asset mining and provides hosting services for third-party miners. Its revenue mixes self-mining outcomes (coin exposure) with hosting fees tied to hash rate, energy economics, and outsourced operational services—positioning it more as specialized digital infrastructure than a pure speculative crypto play. This infrastructure-as-a-service model parallels how businesses leverage workflow automation platforms to optimize their operational efficiency.
What does Figure Technology Solutions (FIGR) do?
Figure builds blockchain-based platforms aimed at capital markets use cases—lending, trading, and asset issuance. Its technology focuses on faster transaction processing, standardization, and increased liquidity for assets (including tokenized assets), acting as middleware between traditional finance and new blockchain-native capital markets infrastructure. This middleware approach reflects how modern development frameworks bridge traditional systems with emerging technologies.
How is Bitdeer Technologies Group (BTDR) different from other miners?
Bitdeer runs a hash-rate marketplace and offers cloud hash-rate products plus end-to-end hosting solutions, alongside self-mining. Instead of only operating facilities, Bitdeer packages and monetizes hash rate itself—effectively creating a tradeable, service-based commodity out of compute power used to secure blockchains. This marketplace model demonstrates how companies can transform infrastructure into scalable service offerings, similar to how SaaS platforms monetize software capabilities.
Where does Globant (GLOB) fit in the blockchain ecosystem?
Globant is a broad enterprise technology services provider that embeds blockchain capabilities into larger digital transformation programs (cloud, AI, cybersecurity, IoT, digital experience). For Globant, blockchain is one tool among many to modernize enterprise systems rather than a standalone business bet. This integrated approach mirrors how businesses benefit from unified business platforms that combine multiple technologies into cohesive solutions.
What is Digi Power X / Digihost (DGXX) focused on?
Digihost is a more concentrated, pure-play digital currency miner—the company's primary activity is mining. Its financial performance and valuation are tightly correlated with crypto price action, mining difficulty, and energy/mining economics, making it higher-beta versus fee-based infrastructure or software providers. This focused approach contrasts with diversified technology strategies that businesses often prefer when implementing comprehensive automation solutions.
How do revenue drivers and risks differ across these company types?
Revenue drivers vary: transaction or platform fees (software/platform firms), hosting contracts and uptime (data centers), token issuance or trading fees (capital markets platforms), and coin rewards (self-miners). Risks likewise differ—crypto price volatility, energy costs, regulatory changes, customer concentration, and technology adoption rates all play different roles depending on the business model. Understanding these variations helps businesses make informed decisions about pricing strategies and risk management in their own technology investments.
Why might a high trading volume stock like Core Scientific not be the best long-term pick?
High trading volume reflects market interest and liquidity, but not necessarily superior fundamentals or risk-adjusted returns. Analysts may prefer companies with steadier recurring revenue, less direct coin exposure, or stronger balance sheets. Investors should separate speculative momentum from durable business economics when choosing positions. This principle applies equally to business technology decisions, where sustainable growth strategies often outperform short-term optimization tactics.
How should investors analyze and compare blockchain-linked companies?
Assess each company by its primary revenue model (fee vs. coin), sensitivity to crypto prices, capital intensity, energy exposure, customer concentration, margin profile, and regulatory risk. Use scenario analysis for crypto price swings, stress-test energy cost assumptions, and compare recurring revenue versus one-off or volatile income sources. This analytical framework parallels how businesses should evaluate operational efficiency tools and technology investments for long-term value creation.
What strategic questions should business leaders and boards ask about blockchain infrastructure?
Key questions: Are miners, infrastructure providers, and enterprise blockchain services treated separately or lumped together? Where is durable value—mining, hosting, marketplaces for compute, or blockchain-enabled capital markets? How do partners and cloud/AI strategies integrate with tokenization and distributed ledger use cases? Where should strategic capital be allocated vs. where speculative capital is flowing? These considerations align with broader questions about technology innovation strategies and digital transformation priorities.
Could blockchain become "invisible" inside enterprise tech stacks, and what would that mean for investors?
Yes—if blockchain functionality becomes a standard, embedded capability (like APIs, cloud, or encryption), firms that integrate it across digital transformation projects could capture durable value without being labeled pure "crypto" plays. That would favor diversified enterprise service providers and middleware/platform firms over speculative miners for long-term resilience. This evolution mirrors how automation platforms have become essential infrastructure rather than standalone solutions, creating sustainable competitive advantages for businesses that adopt them strategically.
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