3 US Crypto Stocks to Watch This Week

The recent US government shutdown has caused uncertainty in traditional financial markets, causing investors to seek safer alternative assets.

As the US dollar experiences a mild depreciation due to political stalemate, liquidation is increasingly flowing into the crypto space. This has boosted the performance of several crypto-related stocks, along with the continued growth of their ecosystems. Here are some stocks to watch closely this week.

HIVE Digital Technologies Ltd (HIVE)

HIVE Digital shares closed Friday at $4.46, up 2.29% on the day. The cryptocurrency stock is one to watch this week following the company’s strong September production report and rapid progress at its new facility.

In its October 6, 2024 report, the major mining company announced that it produced 267 BTC in September, up 8% month-on-month from 247 BTC in August and up 138% year-on-year from 112 BTC in September 2024.

The report also confirmed the near completion of HIVE Digital’s 100 MW Phase 3 Valenzuela facility, ahead of schedule. HIVE’s production performance continues to defy the challenges of the broader market, with 267 BTC in September marking the highest monthly production in 2025.

This strong operating outlook and improving market sentiment puts HIVE as a crypto stock to watch this week.

If buying momentum strengthens, HIVE's stock price could break above $5 and potentially rise to $5.54.

However, if selling pressure increases, the stock could fall to around $3.91.

Digi Power X (DGXX)

DGXX closed Friday's trading session at $2.64, posting a slight gain of 1%. The slight gain reflected cautious optimism as investors digested the company's latest operating update.

On October 1, 2024, the company announced that its ARMS 200 (AI-Ready Modular Solution) has achieved Tier III certification under the ANSI/TIA-942 standard, as validated by EPI. This places Digi Power X in a small group of global vendors with certified AI modular data center platforms.

The first Tier III-certified ARMS 200 Pod is expected to be delivered to the company's Alabama facility in November, with commissioning expected in December.

The company has also deepened its partnership with Super Micro Computer (Supermicro) to integrate AI-optimized rack-scale systems into the ARMS platform.

Financially, Digi Power X remains well Capital , with approximately $29 million in cash, Bitcoin (BTC), Ethereum (ETH) and deposits as of September 30, 2024.

If these updates spur buying pressure as the week progresses, DGXX could rise to $2.95, with a breakout possible on strong volume .

However, if selling pressure increases, the stock price could fall below $2.55.

Riot Platforms (RIOT)

Last Friday, RIOT rose slightly, posting a 1% gain to close at $19.44. The company also released an operational update for 2025, which could influence trading behavior this week.

According to a report released on October 3, 2024, Riot Platforms produced 445 BTC in September, down 7% from the previous month but up 8% from the same period last year.

The company produced an Medium of 14.8 BTC per day, down from 15.4 BTC in August. Riot sold 465 BTC during the month, generating a net profit of $52.6 million at an Medium price of $113,043 per BTC. Despite the slight decrease in production, the company's deployed Hash Rate remained strong at 36.5 EH/s, up 29% year-over-year.

If news of Riot’s reduced Bitcoin production in September dampens investor sentiment, demand for the stock could weaken , pushing the price below $18.84 in the next few sessions.

On the other hand, if buying activity picks up as the week progresses, the stock could rise to $23.66.