Benzinga | Dec 31, 2020 08:40AM EST

Benzinga Pro's Top 5 Stocks To Watch For Thursday, Dec. 31, 2020: CAN, MARA, BTBT, RIOT, EBON

Today's 5 Stock Ideas (All Crypto Edition):

* Canaan (CAN) - Shares were up 19% ahead of the open in sympathy with strength in bitcoin. Bitcoin has rallied about 20% this week. The company provides integrated circuit design for application in bitcoin mining operations.

* Marathon Patent Group (MARA) - The company is a digital asset technology company that mines cryptocurrencies.

* Bit Digital (BTBT) - The stock closed up 43% on Wednesday. The company, formerly known as Golden Bull, is a bitcoin miner.

* Riot Blockchain (RIOT) - The company is a bitcoin miner and creates blockchain technology for use in many digital ecosystems.

* Ebang (EBON) - Shares were up 20% following news it will launch its cryptocurrency exchange in Q1 of 2021.