Best blockchain stocks to buy in 2022

The blockchain offers the potential for a completely new form of the internet based on revolutionary new technology. This guide picks out the best blockchain stocks to own right now.
By:  &  Jayson Derrick
Updated: Sep 23, 2022
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Our experts have been through the markets and chosen their top five blockchain companies to invest in. This page explains how they came to their decision and shows you the best places to put your money this year.

What are the top blockchain stocks to buy?

The best ones are listed in the table below. You can read on to find out more detail about why each one was chosen and learn about their prospects for the future, or simply use the links in the table to see their latest stock price information.

#Stock tickerCompany nameTrade now
1RIOTRiot Blockchain
2MARAMarathon Digital Holdings
3SQSquare
4CANCanaan Creative
5HIVEHive Blockchain Technologies
List selected by our team of analysts, updated 22 September 2021.

1. Riot Blockchain (NASDAQ: RIOT)

Riot is a Bitcoin mining company. The company has been public since 2003 but only operated in its current form since 2017. Over the last few years it has built out its own mining operation, while it also sells infrastructure that lets other businesses mine the coins themselves.

The company’s fortunes rise and fall with the cryptocurrency markets and the price of Bitcoin. So 2021 was a great year, during which its stock value increased by more than 600% at its peak. As the markets waned later in the year, things settled down, but it still trades well above its price from a year earlier.

Riot’s potential lies in Bitcoin. Assuming the latter continues to increase in value and become an accepted means of payment, then Riot stock is likely to grow with it. Riot has invested in the infrastructure to make its mining process more efficient, so it consumes less energy while still creating hundreds more coins every year.

2. Marathon Digital Holdings (NASDAQ: MARA)

Marathon is another company that’s involved in Bitcoin mining. The company has invested heavily in mining equipment so that it can mine all sorts of different cryptocurrency. Like Riot, it’s new to the crypto game: having been a public company for a long time, it only moved into mining in 2020.

That move did wonders for its share price, as it rose more than 1,000% between November 2020 and the middle of the crypto bull market in April the following year. Marathon gets paid in Bitcoin for the coins it creates so, as with Riot, the share price tends to reflect the volatility of Bitcoin itself.

There are reasons to be cautious with this type of company. It isn’t as established as Riot and doesn’t have the same mining capabilities yet. However, because it’s so closely tied to Bitcoin it offers an opportunity to invest in the cryptocurrency through a regulated stock market company, which might be safer than buying the coins themselves.

3. Square (NYSE: SQ)

Square is a digital payments company that’s part-owned by Jack Dorsey, the man behind the social media platform, Twitter. Formed in 2009, Square really exploded into life in 2020 as it became a major player in the fintech game.

Part of that is down to the fact it now accepts Bitcoin payments. An approach that reflects Square’s disruptive, forward-thinking tactics. That sort of attitude took the share price from $80 in February 2020, before the pandemic hit, to over $250 a year later.

Dorsey in particular has been outspoken in support of cryptocurrency in general and Square routinely invests in companies that operate on the blockchain. That’s alongside a financial offering that’s continuing to expand, as the company now offers personal bank accounts and more payment options than ever. It’s a great stock to own and could rival PayPal in the years to come.

4. Canaan Creative (NASDAQ: CAN)

Canaan is a Chinese company that produces the hardware that’s used in cryptocurrency mining. Formed in 2013, it’s only been public in the United States since 2019. The company produces things like servers that are designed specifically for mining purposes.

Like the other mining companies in this list, its stock price tends to reflect the performance of cryptocurrency markets. 2021, then, was a fantastic year, as the stock rose 400% during the first few months, when Bitcoin surged to be worth $60,000 each.

As a producer of hardware rather than a company completely reliant on mining itself, Canaan is an alternative way to invest in cryptocurrency. Its ability to create data servers and microprocessors for specific purposes mean it could expand into other areas as well, and it might be a safer way to gain exposure to the crypto markets.

5. Hive Blockchain Technologies (TSE: HIVE)

Hive is another mining company, this time based in Canada. It was the first public Bitcoin mining company when it listed on the Toronto stock exchange in 2017. Now, its operations extend well beyond just Bitcoin and it is one of the most diverse miners around.

Again, the stock did particularly well in 2021 as the crypto markets roared to all time highs. Along with mining coins, Hive holds many of them as well, so it can make money from simple price appreciation as well as the mining operations themselves. The stock was up 1,000% in 2021, although it’s still available much more cheaply than the competition.

One of the big advantages Hive has is the range of coins it’s involved in. Along with Bitcoin it mines Ether as well, and it’s a major client of the fourth company on this list, Canaan, from which it buys a lot of its mining equipment. With diverse operations and high quality hardware, Hive could be well placed to profit from the next big crypto boom.

Where to buy the best blockchain shares

Use one of the brokers below if you want to get your hands on some shares right away. All of the trading platforms in the table let you buy stocks in these companies and you can head to each website by following the links to get started.

1
Min. Deposit
$ 10
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User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:

What is a blockchain stock?

Any company that is involved in the blockchain industry, from businesses that focus on crypto mining to those that develop new software which is built on blockchain technology. 

Are blockchain shares a good investment?

It depends on the company you choose, as they offer a wide variety of different services and are influenced by a range of factors. Generally, blockchain stocks are riskier and more volatile than most, as they are impacted by cryptocurrency markets which are difficult to predict.

The best way to invest in the blockchain is by starting small. Make sure to research the company in depth and consider how they might perform when there is less activity within cryptocurrency. Then it’s a good idea to balance out the risk by putting some money in more stable companies in other industries as well.

More than any other industry, cryptocurrency moves fast. Blockchain stocks can be affected by single tweets or by the hint of regulatory changes coming into effect. You need to follow the latest news so that you’re on top of any developments and can adjust your strategy accordingly.

Latest blockchain news

Oraichain Labs US (OLUS), a new financial technology startup looking to streamline access to capital markets via blockchain technology, has officially launched. The fintech company, which announced its entry into the United States market on Wednesday, said in a press release shared with Invezz that…
Maincard, a Web3-focused fantasy sports platform set to revolutionise fan engagement and experience across major sports, has announced the Alpha version of its testnet will go live on 20 September, 2022. According to the platform, the testnet that’ll be live for 24 hours offers a chance for users to…
Blockchain.com, one of the pioneer crypto platforms to launch a crypto exchange and wallet, has today listed TRON (TRX). With the listing, TRON’s native token is now available to Blockchain.com Wallet and Blockchain.com Exchange users – where customers can accomplish various transactional activities that include send, receive, buy…
In one major blockchain news this Monday, we report on Fireblocks, a fast-growing company whose technological platform offers tools and other innovative products for managing, storing and transferring cryptocurrencies. Basically, the company has announced that its annual recurring revenue (ARR) for 2022 had once again…
Euler Finance is adding to the list of DeFi protocols getting ready for the world’s largest smart contracts network’s switch from proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) consensus, by integrating the tested and highly secure Chainlink Price Feeds on the Ethereum mainnet. This…


Sources & references
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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.
Jayson Derrick
Senior Editor of News
Jayson lives in Montreal with his wife and daughter, loves watching hockey, and is on a lifelong quest to perfect the art of Texas style BBQ. read more.