The blockchain sector continues to evolve beyond cryptocurrency, with public companies integrating distributed ledger technology into enterprise operations, data infrastructure, and digital asset management. As institutional adoption grows and regulatory clarity improves, investors are increasingly turning to blockchain stocks as a way to gain exposure to this transformative technology—without directly holding volatile digital currencies.
According to recent market data, five blockchain-related stocks have stood out due to high trading volume, strategic positioning, and strong operational momentum: Oracle (ORCL), Riot Platforms (RIOT), Earlyworks (ELWS), Applied Digital (APLD), and Core Scientific (CORZ). These companies represent diverse applications of blockchain—from cloud infrastructure and crypto mining to enterprise software and NFT solutions.
This article explores each company’s role in the blockchain ecosystem, key financial metrics, and growth potential in 2025.
Oracle (ORCL): Enterprise Tech Powerhouse with Blockchain Integration
Oracle Corporation is a global leader in cloud software and enterprise IT solutions. While not a pure-play blockchain company, Oracle integrates blockchain technology into its Oracle Cloud Infrastructure (OCI) suite, offering secure, transparent, and tamper-proof data tracking for supply chains, financial transactions, and healthcare records.
Its blockchain platform enables businesses to build decentralized applications (dApps) and smart contracts, particularly useful in industries requiring auditability and compliance. With clients across finance, logistics, and government sectors, Oracle leverages its massive enterprise footprint to drive blockchain adoption at scale.
As of the latest trading session, Oracle stock rose $6.31 to $225.27, with over 5.6 million shares traded. The company boasts a market capitalization of $632.74 billion, a P/E ratio of 51.90, and a beta of 1.39, indicating moderate volatility compared to the broader market. Despite a relatively high debt-to-equity ratio of 4.07, Oracle maintains strong cash flows and consistent demand for its cloud services.
👉 Discover how enterprise blockchain platforms are reshaping digital trust and efficiency.
Riot Platforms (RIOT): Focused Bitcoin Miner Expanding U.S. Operations
Riot Platforms operates as a dedicated Bitcoin mining company in North America, with large-scale operations in Texas. The company focuses on sustainable mining practices, increasingly powered by renewable energy sources. Its three core segments—Bitcoin Mining, Data Center Hosting, and Engineering—allow it to control the full mining lifecycle from hardware deployment to operations management.
With a market cap of **$4.31 billion**, RIOT has shown significant volatility, reflected in its high beta of 4.57. However, this also presents growth potential as Bitcoin’s price cycles mature. The stock reached $12.06 after a $0.79 increase on strong volume, though still below its 12-month high of $15.87.
Riot’s low debt-to-equity ratio of 0.20 gives it financial flexibility, while its current and quick ratios (both 3.23) suggest solid short-term liquidity. As institutional interest in Bitcoin grows, miners like Riot are well-positioned to benefit from both asset appreciation and infrastructure demand.
Earlyworks (ELWS): Japanese Innovator in Blockchain Advertising and NFTs
Earlyworks Co., Ltd., based in Japan, is a niche but fast-growing player in the blockchain space. The company utilizes its proprietary Grid Ledger System to deliver blockchain-based solutions for advertising tracking, online visitor analytics, and non-fungible token (NFT) sales.
Unlike many blockchain firms focused solely on finance or mining, Earlyworks applies distributed ledger technology to digital marketing transparency, solving long-standing issues like ad fraud and click manipulation. This unique use case positions it at the intersection of Web3 and digital advertising—a market expected to grow significantly by 2025.
ELWS stock surged to $2.66 following mid-day trading, with an extraordinary volume of over **54 million shares**, far exceeding its average daily volume. Although the stock is down from its 12-month high of $8.68, its momentum suggests renewed investor interest in innovative blockchain applications outside traditional crypto markets.
Applied Digital (APLD): High-Performance Data Centers Powering AI and Crypto
Applied Digital Corporation designs and operates advanced data centers across North America, catering to the high-performance computing (HPC) industry. Its infrastructure supports not only cryptocurrency mining but also artificial intelligence cloud services and large-scale computational workloads.
This dual-use strategy allows APLD to diversify revenue streams beyond volatile crypto markets. By hosting AI training clusters alongside mining rigs, the company optimizes energy usage and capital efficiency—a critical advantage in an era of rising power costs.
APLD stock climbed to $10.07 with strong intraday volume. Despite a negative P/E ratio (-7.35), which reflects ongoing investments in expansion, the company’s market cap stands at **$2.27 billion**. With a beta of 6.05, it's highly sensitive to tech sector trends—but also poised for rapid growth if AI and blockchain infrastructure demand continues rising.
👉 Explore how next-gen data centers are becoming the backbone of digital innovation.
Core Scientific (CORZ): Integrated Blockchain Infrastructure Provider
Core Scientific operates across two main segments: Mining and Hosting. It mines digital assets for its own account while also providing full-service hosting for institutional Bitcoin miners. Services include equipment deployment, monitoring, troubleshooting, optimization, and maintenance—all within secure, scalable data centers.
The company plays a crucial role in enabling other miners to scale efficiently without building their own facilities. This "mining-as-a-service" model enhances profitability through economies of scale.
Despite a mid-day drop to $16.94, CORZ remains one of the most valuable players in the space with a **$5.04 billion market cap** and a staggering beta of 6.71—indicating extreme volatility but also high growth potential during bullish cycles.
With 52-week lows at $6.20 and highs at $18.63, investor sentiment remains dynamic. However, Core Scientific’s integrated approach gives it resilience amid market shifts.
Frequently Asked Questions (FAQ)
Q: What are blockchain stocks?
A: Blockchain stocks are shares in publicly traded companies that develop or use blockchain technology—such as distributed ledgers, crypto mining infrastructure, or decentralized software platforms—without necessarily issuing their own cryptocurrencies.
Q: Are blockchain stocks safer than buying cryptocurrency directly?
A: Many investors view blockchain stocks as less volatile than direct crypto holdings because they're tied to real revenue-generating businesses with balance sheets, governance, and diversified operations.
Q: Why is Oracle considered a blockchain stock?
A: Oracle offers enterprise-grade blockchain solutions through its cloud platform (OCI), enabling secure transaction tracking and smart contract execution for global clients in regulated industries.
Q: How do companies like Riot Platforms make money?
A: Riot earns revenue primarily by mining Bitcoin using powerful hardware and selling newly minted coins. It also generates income through data center hosting services for other miners.
Q: Is Earlyworks a major player in NFTs?
A: While not globally dominant, Earlyworks leverages NFTs as part of its broader blockchain strategy in advertising and digital engagement, particularly within the Japanese market.
Q: What risks should I consider before investing in blockchain stocks?
A: Key risks include regulatory uncertainty, energy cost fluctuations (especially for miners), technological obsolescence, and stock volatility due to crypto market sentiment.
Blockchain technology is no longer just about Bitcoin—it's becoming embedded in supply chains, advertising systems, cloud computing, and enterprise software. The five stocks highlighted here represent different facets of this expanding ecosystem.
Whether you're interested in established tech giants like Oracle or high-growth miners like Core Scientific and Riot Platforms, these companies offer pathways to participate in the long-term evolution of decentralized systems.
As we move deeper into 2025, infrastructure-focused firms like Applied Digital and innovation-driven players like Earlyworks may capture increasing attention from both retail and institutional investors.